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After forming a h&s bottom canara bank has broken out of neckline , pullback and now resuming trend with good buying .
Can go long with SL 203 and targets 240-245 levels in coming days .
CANARA BANK FINALLY BREAKS INTO OUR DESIRED RANGE WHICH IS VISIBLE IN THE RECTANGLE PATTERN
SINCE THE RANGE MOVEMENT IS BACK IN PLACE AND THE PSU SECTOR IS SHOWING SIGNS OF MOMENTUM
WE ARE BULLISH IN CANARA BANK
BUT WOULD PREFER TO BUY ON DIP TOWARDS 215-213
CANBANK: Recent rally in public sectors banks have been good and strong. Almost every public sector bank rallied more than 20% from their recent lows. Canbank is now hovering at a resistance point. There is a strong supply area ahead, if the stock fumbles here, there may be a small correction which may rest close to 208 -205 levels, if a breakout is successful...
If the price breaks the last fractal top, go long.
Enter using Stop Loss limit order with the given levels in chart. ( CNC )
This buy signal automatically cancelled if another UP fractal is formed.
Vice Versa for short.
Key Levels for CANBK are : t.me - JOIN TELEGRAM CHANNEL
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