Canarabank
NIFTY PSU BANK INDEX - Very Bullish The index is forming an Inverted Head and Shoulder Pattern.
Just broke out of the Downward Channel resistance this week.
In about 2-3 years the index should reach its target of 4340 but before that happens its intermediate targets will be met.
Between 2660 and 3360 there could be some consolidation going forward.
Immediate short term - MACD crossover should give this space some momentum.
My Fav picks from the index include
SBI, BOB, PNB, Indian Bank, Central Bank & Canara Bank.
CANARA BANK: TURNAROUND POTENTIALClosing and sustaining above 155 can lead to breakout and a massive rally, Buy Canara Bank for a target of 190+ (Medium term), long term: 250+
SL: 140, horizon: 1M, chart is self-explanatory.
CANARA BANK: MULTIBAGGER OPPORTUNITY ?Buy right and hold tight. MULTIBAGGER opportunity in PSU space. I reserve the right to be wrong. Chart is self-explanatory.
PSU BANKS: Invest in one of the most underperforming sectors !!!We are at the cusp of a fresh bull run in psu banks. My top picks are SBIN, PNB, CANARA BANK & BOB. Don't miss the golden opportunity. Chart is self-explanatory. Only for educational purposes.
CANARA BANK- BREAKOUT TRADEBREAKOUT WITH GOOD VOLUMES. RSI BULLISH. TARGETS HAVE BEEN MENTIONED. MAINTAIN A STRICT STOP LOSS.
Canara bank trendline breakdownThis is an hourly time frame of CANARA BANK showing the clear breakdown of the trendline and today it also retested and started the continuation towards the downside. So it can be a good fall for upcoming days in Canara Bank. Please like the post if you agree with my idea.
Canara BankBullish candle with good volume support and RSI at 60 looks good.
Buy at 151/152
SL at 139
Target 168.50
Canara BankCanara Bank (NSE Cash)
Can buy small qty
LTP: 144.95
Support: 143.95
Resistance: 147 / 152.45
Canara Bank BUYBuy Canara Bank @ 146.9 target 159+++ SL 141.2 BSE:CANBK
demand zone in Canara Bank at 146.9
BCBA:C
CANARA BANK - DAILY SEEMS TRIPLE TOPNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
Canara Bank Rectangular TopEntry Price: 155.40 (Retest Entry Technique)
SL: 150/145/140
Target: 170/185/200
After a small markup phase, the stock is consolidating. Today's bullish wick at the bottom of the rectangular pattern can be considered as a buy signal.
Canara Bank AnalysisPrevious support for Canara bank is acting as resistance now. Despite heavy volumes, buyers are unable to push the price upwards. Once it breaks the supply zone, I will take the trade with an initial target of 208
CANARA BANK READY FOR 85% RALLY ???Buy 40% Canara Bank At Cmp 157.2
Add 60% If Price Drops To 132-135
Strict SL - 122 (WCB)
Target - 290+++
Highest Ever Monthly Volumes Of 18 Years. Something Big Is Going To Happen In PSU Banking. Watchout.
