The stock has reported 3k crore profit against the loss last year.
currently making inverted H&S pattern on DTF and broke volumes.
Targets are at a very good levels and Risk to reward is excellent.
DISC: For educational purposes only.
I must admit, its been a while since I have stumbled upon a chart so simple yet so valuable.
Simple falling channel , with one of the bottoming out patterns, (book-ish) Inverted Head & Shoulder .
Volume Indicates, I am late to spot this...but not too late as the pattern is just on verge of completion.
Should be a slightly MID-LONG term 'investment' kind of...
Price rejecting from the trend line continuously and currently price is trading below the strong resistance level.
One can expect a resistance breakout as the trend line break is happening in parallel.
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.
Above 120
if breakout with good volume than we may see good up move till 140-170
Support at 95-85
weak below 73
very very good volumes from past few days
above all important moving average
