Canara bank (Equity) levels...25/08/2020 (Daily Candle)
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.
1. wait for a breakout 2. enter with a breakout 3. enter on the retest 4. avoid entering on the breakout IF there is a divergence! Trade safe! Be a responsible and an independent trader!
Canbank Break Fibonacci level of 23.6 so you can add in your Buy List. Entry Price: 118 Stop loss:108 Target:130 Please Enter and Exit as per Strick Target and Stoploss.
Buy at 170-175 level and hold short-term Target of 230, medium term Target of 290... Stoploss will be updated once the level triggered
Can Bank can be a good trade above 194 if market supports. Not a Recommendation.
Canara Bank long above 204 T1 220 T2 235 SL 200 (if closes below) happy trading! cheers!!
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.