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.
POSITIONAL LONG TRADE IN CANARA BANK
VIEW:
-LIKE EARLIER CALLS WE WERE EXPECTING A PULLBACK TO BREAKOUT LEVELS
-WE NOW EXPECT BIGGER TARGETS
CHECK PREVIOUS IDEA
CHECK PREVIOUS IDEA
TRADEVIEW
DEC FUT/JAN FUT
BUY@225
STOP@215
TARGET 1@230
TARGET 2@240
LOT:2000
QTY:5
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...
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
TRADE VIEW
DEC FUT(26DEC)
BUY@213-215
STOP@210
TARGET 1@230
TARGET 2@245
LOT:2000
QTY:5
BTST IN CANBK
TRADE IN 29TH NOV FUTURES CONTRACT
BUY@200
STOP@197.5
TARGET@205
LOT:2000
QTY:2
NOTE:-
POSITIONAL TRADE WILL BE ACTIVE ONES THE RESISTANCE IS BROKEN
