Canarabank
CANARA BANK TRADE SETUP FOR TOMORROWCanara Bank break the resistance level of 163 and it is making ascending traingle from April.
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Now it time to break the level, you can buy this trade once it cross 164.5,
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Short term target is 170.
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What's your view on this comment below in the box.
CanaraBank will Rally next 20 Days As Per ASTRO ??This analysis Based on Astro
Yes We expecting CANARA BANK to move up in next 4 weeks
We are Looking Target 176 , 191
Interested Keep long in this Counter
CANARA BANK CHART ANALYSISCanarabank has been breakout and Retested if cross 158 soon it will reach 205
CANBANK ACCENDING TRIANGLE FORMATIONChart is forming ascending triangle on weekly time frame levels marked on chart.
CANARABANK WEDGE formationNSE:CANBK
Canara bank is in a Wedge formation once breakout we can have a move till 170 which is another resistance beyond that next target is 190+.
As of now there is no trade until breakout
CANARA BANK - Bullish SetUpThe stock has observed a minor breakout of the Symmetrical Triangle Pattern today.
While the volumes were higher than usual, it was not that high to suggest a confirmed BreakOut. It might be a false Breakout.
It surely looks like a candidate for higher targets, but watch closely, and buy if it looks to be closing above 160 for a given day.
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CANARA BANK AT BREAKOUT LEVEL SWING TRADE OPPORTUNITY SHORT TERM .
Good Momentum in stock high chance of positive breakout.
Buy at ₹ 157-160 .
₹175 is the first target followed by ₹190 the second target.
Trailing Stop loss of ₹ 150.
Canara Bank Share Trend Analysis by THE DECISIVECanara Bank is one of the Public Sector Bank, having 10K plus branches all over India with more than 13K ATMs. Bank mainly work in Rural & Semi Urban parts of India & its Branch network increased by 4K & ATM by 4.5K post merger with Syndicate Bank.
Canara Bank closed today at 155.70 with 1.83% gain. On Daily time frame it is showing triangle pattern & expecting a good movement post breakout. It is also trading at lower than book value so it seems good for short term/long term investment.
Follow THE DECISIVE because WE HELP YOU TO DECIDE!
This was just for educational purpose only & not recommending to BUY/SELL of any Script.
CANBK - Look For Trendline BOLook for weekly candle closing above 158.5. Also keep an eye on the trendline BO.
Do not enter right now.
CANARA BANKBreakout candle from the channel made.
Stock in Fibonacci final retracement zone.
Target 1 - 175
Target 2 - 190
Keep Stop loss 149
within 1 month.
Stock analysis is only for education purpose.
Don't trade without stop loss.
Please comment if any suggestions.
CANARA BANK TRIANGLE PATTERNNSE:CANBK
Keep in Watchlist. Trading in Triangle Pattern.
Breakout of Pattern can lead stock to 175 short term and 220 Positional Target.
Breakdown of Pattern can lead it towards 125 again.
Wait for Confirm Breakout or Breakdown and go Long or Short accordingly.
SL will be below Breakout level or above Breakdown levels
**EDUCATIONAL PURPOSE
CANBK_can become bullishOne can go long in CANBK if it shows a good momentum from this level.
(for educational purpose only)
CANARABank: Inverted H&S BreakoutThe stock has reported 3k crore profit against the loss last year.
currently making inverted H&S pattern on DTF and broke volumes.
Targets are at a very good levels and Risk to reward is excellent.
DISC: For educational purposes only.
Inverted Head and Shoulder / Breakout Canara Bank has formed Inverse Head and Shoulder Pattern on the daily time frame.
Broken resistance on high volume candle
Now the resistance will act as support if the stock retest its resistance look for an opportunity to buy at 156-155
Buying at retest will enhance the Risk-Reward ratio
Target 184
SL 153 (50%)
SL 147 (50%)
CANBK_SHORT TERM OPPORTUNITYCANARA BANK can show bullishness if it breaks the trendline with good volume.
A short term opportunity can be grabbed.
(for educational purpose only)
Canara Bank looking BullishMedium-term Swing Trade (2-7 weeks)
(Purely Price Action based trade)
Canara Bank has posted very strong quarterly and yearly results and looks bullish in the future.
It is approaching a very strong supply zone of Rs. 170-177 where it has faced rejection multiple times previously.
If this zone gets broken with a good momentum and volume the following trade can be entered into:
(Levels and analysis mentioned on the chart)
Entry Price : Rs. 176-178
Target 1: Rs. 190
Target 2: Rs. 205
Target 3: Rs. 235
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High Risk Traders can also enter at CMP for:
Target 1: Rs. 172
Target 2: Rs. 190
Target 3: Rs. 205
Target 4: Rs. 235
(The R2R Ratio is not very favorable in this trade)
Cheers!
Canara Bank: Turnaround Potential Retesting after cup and handle breakout in canara bank. RECOMMEND Strong Buy for SHORT-TERM target of 196. Sl:150. Horizon: 15 days, all Oscillators are positive.
CANBK Important Levels to watch:
RESISTANCE:171.49
RESISTANCE:168.06
RESISTANCE:165.94
SUPPORT:157.78
SUPPORT:155.66
SUPPORT:153.54
Buy canara bankBuy canara bank for target of 184+ horizon: 14 days. All Oscillators are positive. Chart is self-explanatory.
NIFTY BANK IS LOOKING BULLISH Trend is our friend. Until it Bend in the end. 😂 My favorite picks are SBIN, Canara Bank, PNB and federal bank. Ride the trend.
