This analysis Is on a 15 M Timeframe you can activate both short and long
after opening, the market's strong move first take the " 1:2 " target and
then bring your stop-loss to cost and continue your trade...
Canara bank forming inverted head and shoulder pattern on hourly chart.
All the levels are given on the chart.
Disclaimer: All the levels are for educational purpose.
After Breaking Neckline Must Buy Above 230 With SL of 227 Target 238/242 W Pattern is one of the favourite pattern of mine and its definitely profitable just keep on radar
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
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...
Entry 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.
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
