Canara 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 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
Scrip: 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...
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.
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
In 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
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...
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
SL - 150 Target - 175 and beyond The price gave a decent breakout and sustained above the breakout line. Looks interesting.
Canara bank ready to breakout. strong above 160. making symmetrical triangle pattern.
This 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 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.
Canara Bank has a fresh breakout with good volume & some good news also. Buy- CMP Target- 183.40, 190 (Intraday or Positional) SL- 167
Hi 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 bullish breakout can enter as mentioned with the Targets and Stop loss. Happy Trading. Comment your views.
#CANBK *Symmetrical Triangle BO *BO above 161 Only for educational purpose
#CANARABANK Looks good, had a strong breakout. Expecting good upmove!! #VR
Gave a ascending traingle BO with good volumes. keep it your watchlist