Note: This is for educational purpose only.
There is a range bullish breakout with ultra high volume. RSI is above 70 which indicates bullish momentum but also indicates overbought. There is a possibility of consolidation/ side ways movement before next up-move.
Marked on chart. If 3rd wave has completed then we may see correction till 97-95 or we might have already ended it. Move past 104 will confirm that we might have ended correction and now we are up for 5th wave. SL is 93 . Target if 140-150.
Canbank took resistance at multiple resistance zones and pushed down again. Now the stock is just at a minor resistance moving above it will be a positive sign for the stock in the short term and prices may push to 235 levels. However any failure to hold above it will result into continuation correction.