Multitimeframe trendline BO +Ascending triangle + channel BO + good volume + trading above all MA
Target @245 ( 40%)
check our Recent analysis from related idea
FOLLOW , LIKE , COMMENT & SUPPORT
This is a Swing/Positional Trade.
I can see a possible bullish momentum can still occur in Canara Bank in upcoming period because of,
1) Breakout and Retest of symmetrical triangle pattern .
2) Increase in Volumes in recent times.
3) Breakout of Resistance level ( approx. from 2 years ) with High volumes, as Longer the resistance holds and...
A breakout is seen in Canara Bank and seems like it's not a fake one As it has been building up volumes for months. So we can go long on Canara Bank.
For education purposes only.
Not a SEBI registered broker.
Please ask your financial advisor before investing.
Today i have made a post on CANBK - daily time frame
I hope you find this post helpful and informative👍
The targets and stop loss would be given in the charts or they would be according to pivot points
I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted...
The stock has observed a minor breakout of the Symmetrical Triangle Pattern today.
While the volumes were higher than usual, it was not that high to suggest a confirmed BreakOut. It might be a false Breakout.
It surely looks like a candidate for higher targets, but watch closely, and buy if it looks to be closing above 160 for a given day.
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► ADVANCE PATTERN #20: CANBK ◄
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
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