Canarabank
CANARA BANK studyCANARA BANK study
200 Day SMA support + Channel Bottom support
330-350 zone is going to be a crucial support
Inside Trend Breakout on CanbkInside Trend Breakout on Canbk.
Trade:
Long Entry - 344
Target - 356
Stop loss - 339
Canara BankNotes on the chart.
Hit like/comment if above information is useful.
Trade safe.
Regards
Bravetotrade
Cup and handle on Canara BankCup and Handle formation on Canara Bank and wait to break the top of the cup.
Trade:
Buy - 364.50
Target 1 - 367.50
Target 2 - 370.50
Stop loss - 360.50
Long Trendline on canbkLong Trendline lying on canara bank and need to wait for breakout.
Trade:
Buy above - 348.75
Target 1 - 356.00
Target 2 - 364.00
Stop loss - 339.00
Triangle Formation on CANBKTriangle formation on canara bank. Normally, Triangle pattern break either side but here triangle already broken on bull side and lying on resistance level. If the price break the resistance level, then it may move upto 340.
Trade:
Buy above - 310
Target 1 - 325
Target 2 - 340
Stoploss - 295
Reward Points - 30
Risk Points - 15
R : R - 1 : 2
Note : Its positional recommendation, not for intraday.
CANARA BANK - TREND FANBSE:CANBK
CMP - 272.6
Here,
the RED ( resistance ) AND GREEN ( support ) lines hold importance .
and I have drawn multiple trendlines to form sort of a trend fan, which will help you help take a position.
Thanks.
Cup formation on Canara Bank - LongCup formation on Canara Bank in 1hr chart.
Trade:
Buy above - 313.00
Target 1 - 315.50
Target 2 - 317.50
Stop Loss - 311.00
Reward Points - 4.50
Risk Points - 2.00
"Happy Trading"
