The 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.
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%)
CANARA BANK can show bullishness if it breaks the trendline with good volume. A short term opportunity can be grabbed. (for educational purpose only)
Medium-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...
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 bank for target of 184+ horizon: 14 days. All Oscillators are positive. Chart is self-explanatory.
Trend is our friend. Until it Bend in the end. 😂 My favorite picks are SBIN, Canara Bank, PNB and federal bank. Ride the trend.
The latest retracement (ie from 3rd week of April'21 till 4th week of May'21) is very bullish. Right now it is in its long term support/resistance zone from early 2016. Above it there is another such possible resistance region which has relevance since 2019. It can consolidate between these regions and make a break out. Since there is positive news in market that...
Self Explanatory. Riding the channel. Inverted Head and Shoulder pattern also spotted.
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...
Closing 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.
Buy right and hold tight. MULTIBAGGER opportunity in PSU space. I reserve the right to be wrong. Chart is self-explanatory.
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.
BREAKOUT WITH GOOD VOLUMES. RSI BULLISH. TARGETS HAVE BEEN MENTIONED. MAINTAIN A STRICT STOP LOSS.
This 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.