Canara Bank Daily Chart Analysis 12.12.2021CANARA BANK as per daily chart analysis once the stock breaks resistance 222 above 226 level for a target 240 level.
Canarabank
Canara Bank Daily Chart Analysis 01.12.2021CANARA BANK as per daily chart analysis today the stock has broken the consolidation zone and above 207 level then the target 214 is achievable.
Canara Bank Daily Chart Analysis 25.11.2021Canara Bank as per daily chart analysis today it has formed an Bullish Hammer Candle and the stock should break out on 29th nov 21. So lets see which side it breaks out. Happy Trading to all.
Canara Bank Monthly Chart Analysis 23.11.2021Canara Bank as per monthly chart pattern analysis from bearish inverted hammer candle today had turned into bullish gravestone doji and hopefully if the market is reversed after todays bull run then the stock from december onwards should move uptrend. Holding the stock and happy trading to all.
canara bank monthly chart analysisCanara Bank as per monthly chart analysis now the stock has formed an inverted hammer candle and once the stock consolidates and breaks 312 level then its multi year breakout and target 400 level
Canara Bank - Ripe to ride the momentum - Weekly ChartScrip: Canara Bank
Setup : Price at 52 week high, Chikou in open area, Ride the momentum for quick 10%-20% gains
Entry : 185 - 195
Target - 225-228 range (20% gains)
Stoploss: This is positional trade and determination of Stoploss should be based on ones risk profile.
150 should be good zone to add more to the position.
Please note: I am not a SEBI registered Financial Advisor or Analyst. Please trade and invest based on your knowledge and Risk Profile.
CANARA bank share is getting momentum .Canara bank is retesting the Support area. High probability to bounce from the area. keep the stock in your watch list.Go long on the positive candle for a further upside move. This is for your educational purpose only.
(Swing)------Canara bank-------PROFIT 40 % Multitimeframe trendline BO +Ascending triangle + channel BO + good volume + trading above all MA
Buy @173
Target @245 ( 40%)
Sl 150
check our Recent analysis from related idea
FOLLOW , LIKE , COMMENT & SUPPORT
Canara bank swing setupIn live market cannot describe much
Canara bank has broken its previous supply zone which is now a huge demand zone and also a Harmonic half bat pattern
Buy at current levels @175 stop loss @170
Targeting 30% as first target as its a major breakout
Will not keep SL personally will keep adding at dips
NSE:CANBK
Canara Bank " up to 23% gains "Hi Traders/Investors,
This is a Swing/Positional Trade.
I can see a possible bullish momentum can still occur in Canara Bank in upcoming period because of,
1) Breakout and Retest of symmetrical triangle pattern .
2) Increase in Volumes in recent times.
3) Breakout of Resistance level ( approx. from 2 years ) with High volumes, as Longer the resistance holds and breaks stronger the move it makes.
4) RSI indicator taking support at 60 and moving upside.
Entry : 240-245 levels
Stop loss : 228
Target : 300
Giving a Risk to Reward of 1:3.5 and Returns up to 23%.
Please don't make any decision solely based on this analysis.
Give a thumbs up if you liked this analysis as this requires deep research.
( Positional ) Ascending Triangle Pattern in CANARA bank Multitimeframe trendline BO +Ascending triangle + channel BO + good volume + trading above all MA
Buy @173
Target @245 ( 40%)
Sl 150
check our Recent analysis from related idea
FOLLOW , LIKE , COMMENT & SUPPORT
Nice triangle breakout - Can it rally?SL - 150
Target - 175 and beyond
The price gave a decent breakout and sustained above the breakout line. Looks interesting.
CANBK | NSE | INDIA | ANALYSISThis is the pure PRICE ACTION based analysis of Canara Bank stock.
Since it made a double bottom with rsi divergence, it has to come up.
Also it is consolidating up side with rsi also, there is more likely to go long.
Canara Bank work in tringle pattern. Canara Bank can buy here 163 for target 200. it is working in Tringle pattern, Pattern BO will come when it close above 172, so can buy target 200.
Triangle Breakout - FII/DII InvestingCanara Bank has a strong PE ratio advantage followed by increasing stake of Institutional Investors in Sept Quarter
It recently broke out of its Traingle Pattern and has shown some upside. I recommend buy on dips and hold for gains in mid to long term.
The P/B Ratio is below 1 and there is less risk involved comparitively as PE ratio is also half of that of peers.
A strong quarterly result can also boost the share price, it might to interesting to see if a pullback from such RSI comes soon.
Note: This is only for Educational Purposes. Please do your due diligence before taking a trade position.
Keep Learning :)
CANARA BANKCanara Bank has a fresh breakout with good volume & some good news also.
Buy- CMP
Target- 183.40, 190 (Intraday or Positional)
SL- 167
CANARA BANK DAILY CHARTHi there, this is a chart of Canara Bank.
so this week we had a breakout. in the triangle pattern and the price is pulling back to the (resistance turned to support).
Entry price will be around 171.70 levels
SL : 167.75
Target : 183.40, 230.00
Hoping to see Good trading opportunity
Canara Bank LongCanara Bank bullish breakout can enter as mentioned with the Targets and Stop loss. Happy Trading. Comment your views.
CANARA BANK SYMMETRICAL TRIANGLE BO*#CANBK
*Symmetrical Triangle BO
*BO above 161
Only for educational purpose
Canara Bank Long 200+All PSU bank stock might outperform in the coming months. I am targeting Canara Bank and Bank of Baroda. We might see a breakout in Canara bank from these levels. The Current CMP is 176.85. I have bought shares of Canara bank at 174 and targeting till 200. If it sustains a physiological level of 200, we might see 225-230 levels.
Time Frame: 1-2 Months
