Buy 40% Canara Bank At Cmp 157.2
Add 60% If Price Drops To 132-135
Strict SL - 122 (WCB)
Target - 290+++
Highest Ever Monthly Volumes Of 18 Years. Something Big Is Going To Happen In PSU Banking. Watchout.
Stock identification on 30min TF
Trade & analysis TF - 5min
1. Hammer on 30min in demand zone
2. RSI divergence on 15min
3. Buying volumes from base levels (around SL)
Entry, Targets & SL on the chart.
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.