Short only if RSI breaks the trendline. Target-260
CANBK (Canara Bank Ltd) SELL BELOW 267
long target for canbk 4 yr is 400, 600,800 now cmp is 291.15
symmetric triangle & multiple resistance major rally is expected closing above 305 can buy around 275 sl below 267 T 288 300
just see the move once it breaks refer chart for details
BTST IN CANBK FEB FUT PIERCING LINE PATTERN +RSI ABOVE 30 BUY@235 STOP@228 TASRGET@245 LOT:2000 QTY:1
It has formed a double bottom for the completion of double top in a higher time frame
after forming double bottom in 4hour time frame...the stock has gone 35 points from bottom so as per Double bottom after the neckline is broken we can enter in a retracement. Now the stock is exactly coming for retracement which had formed a channel like structure in 30 min time frame so stops below the demand zone buy when the channel is broken
Just a student for a month. Learning yckoff
CanaraBank is at the verge of breakout. Keep PSU Bank under watch, they are expected to run good in coming week.