Canara Bank broken out from the downtrend it started in 2010 and now I am expecting a good reversal from here for this stock. One can hold it for the target of 275/300/400++ with stop loss of 185. Lets see how long it will move.
CANARA BANK as per daily chart analysis has broken the trendline and back into the consolidation zone and it has a support at 191 and 184 level and from here the stock should once again consolidate for the further reversal. If it breaks the consolidation level then the next support is at 171 level.However one can see a fresh buying opportunity only after full...
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.
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 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...
Entry Price: 155.40 (Retest Entry Technique)
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.
Previous 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