Stock gives breakout of inverse head and shoulder on weekly timeframe and later price retested its BO level.
CMP : 312
Target 1 : 417
Target 2 : 462
Stoploss : 256
This is not a buy or sell call, this analysis is shared for educational purpose.
Sell Canara Bank below 324 for the marked targets on the chart.
To motivate us, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
CANBK:- The stock has given breakout after 5 years it is a good stock for short term with good volume.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to...
#NIFTY50
GLOBAL MARKET : Mild Bullish
Nifty : 1D - Mild Bearish : Strong support at 17600 & Resistance at 17800 . If Nifty breaks, close and cross above 17800 in 1hr candle then look out for 18000.
Sectors To watch: IT, Pharma.
Stocks : #canbk, #sbin, #TechMahindra
NSE:CANBK
#NSE:CANBK shared @ 250 now trading @ 270 which is 8%, Trail now or book partial profits.
Share your profit screenshots.
Details in my signature column.
NSE:CANBK
Sharing levels on regular basis, keeps on my followers increasing and the messages too.
But when i see the boosting (LIkes) not able to see upto the mark.
Kindly let me understand what type of charts you guys are expecting from me, are my charts useful for your trades/study ?
let me know your views....
Based on your replies will try to refine the...
#NIFTY50 Under 1day candle nifty is in range bound between 16750 - 17450.
* DAY CHART TREND ANALYSIS : MILD BULLISH TREND
* 1Hr chart : Crucial resistance at 17350, yesterday nifty fails to take out this resistance. Can assume 17350 act as an strong resistance in
upcoming trading days
* 1Hr TREND ANALYSIS : BULLISH
* TODAYS OI DATA :
...
NSE:CANBK
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
Hello and welcome to this analysis
Like all PSU Banks saw a very good 2021 in terms of price performance thereafter in 2022 it went into a correction mode in line with market trend. The structure of the fall as can be seen in the chart is of a slanting channel currently.
If it manages to break above 235 then 244 is the 1st line of resistance, above that 255 is...
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Target- 285
SL- 205
Canbk chart is looking bullish with trendline breakout in daily chart
Moving in rising channel
Selling candle volumes are low and buying candles volumes are very high means strength is there from buyer and holding in falling market as well.
ROC, Vortex and RSI is positive for CANBK
quarterly results are very good which is giving strength for upmove
Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any 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.
