Chart has formed the Inverse Head & Shoulder Reversal pattern and gave breakout. It is already trading out of Regression Channel so downtrend in hourly charts seems to be over for time being. After breaking out it is retracing so one could use this pull back for a good entry. We can look for a target of above 260. Disclaimer : All ideas are my personnel view....
Canara bank is bearish. Short rates and target is on chart.
CANARA BANK study 200 Day SMA support + Channel Bottom support 330-350 zone is going to be a crucial support
Refer Chart for analysis & targets
Inside Trend Breakout on Canbk. Trade: Long Entry - 344 Target - 356 Stop loss - 339
Notes on the chart. Hit like/comment if above information is useful. Trade safe. Regards Bravetotrade
Cup 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 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 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...
BSE: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.
Canara Taking support. If holds good move possible keep watch
Cup 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"