Canarabank
Canara Bank: Chart set up and trading view for 14 April 2020Canara Bank
- Canara Bank trading at lower end of the channel
- Level of 85.50 - 86 needs to protected for further upside movement continuation
- holding the same the stock may again attempt for 93 / 95.50 / 102 / 107
- Stop loss if Canara Bank closes below 83.50 on a hourly candle basis
Alternatively one may consider the following F&O strategy for Canara Bank
Consider selling Canara Bank 30 April 2020 Expiry Put Option
Strike Price : 80
Price : 5.5
Lot size : 2600
Max profit potential in strategy Rs 14300/- per lot
Time frame: Till 30 April 2020
The strategy also has in built loss protection for a fall in price up to 74.50 in Equity market til 30 April 2020.
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CANARA BANK KEY LEVELS SUPPORT AND RESISTANCE 13/04/2020Key Levels for CANBK :
Upper Breakout~93.85
First Target~96.35
Interim Resistance~99.60
Final Resistance~103.45
**Lower Levels**
Lower Breakout~90.15
First Target~87.20
Interim Support~84.90
Final Support~82.15
Please trade with caution and consult your financial adviser before trading.
long position in canara bankLong Position can be executed in canara bank.
SL and target mention in chart
CANARA BANK Go-Long Near The Given Range (Short & Medium) TermBuy at 170-175 level and hold short-term Target of 230, medium term Target of 290...
Stoploss will be updated once the level triggered
CANARA BANK SHORT IDEASHORT WHEN CANDLE CLOSES BELOW BLUE LINE ON CLOSING BASIS STOP LOSS IS RED LINE ON CLOSE BASE
Canara Bank Trading Idea (Swing)If the price breaks the last fractal top, go long.
Enter using Stop Loss limit order with the given levels in chart. ( CNC )
This buy signal automatically cancelled if another UP fractal is formed.
Vice Versa for short.
Canara Bank - Study - LongThe stock has given breakout from its resistance zone of 216.55.
Buy for a target of 236, 285.
Stop loss: 207
Canara Bank buy setupBuy CANBK at CMP (214+) and on dips upto 213
T1: 227
T2: 233
T3: 242
T4: 255
SL: 205.50
