CMP 211.05 Target 218.05 SL 209.9 Follow strict stop loss :)
HAS the chance to go both sides so we will look out for a proper trendline breakout or a 15 min retracement to go long for 1 hour retracement
PSU Banks have been in a consistent downtrend since the rally they had after 2008 Financial crisis. This charts looks at last 10 years for PSU bank index and they seem to be following the trend line. index needs to have strong consecutive weekly close above 3350 for a major uptrend to start until then its a sell on rally. We should wait for Index to close below...
STBT IN CANBK SEPTEMBER FUTURES SHORT@290.25 STOP@293.75 TARGET@277 LOT:2000 QTY:2
Accumulation Breakout imminent. Must see a good move to 340 > 375 in the coming month or 2
STBT IN CANARA BANK AUGUSUT FUTURES SHORT@274.5 STOP@277.5 TARGET@266.5 LOT:2000 QTY:1
SWING TRADE IN CANARA BANK AUGUST FUTURES BUY@286.5 STOP@282 TARGET@294 LOT:2000 QTY:1
Buy CANBK between (244-248) T1: 269 T2: 288 T3: 305 SL: 233
Chart has formed the Inverse Head & Shoulder Reversal pattern and gave breakout. It is already trading out of Regression Channel so downtrend in hourly charts seems to be over for time being. After breaking out it is retracing so one could use this pull back for a good entry. We can look for a target of above 260. Disclaimer : All ideas are my personnel view....
i see that the stock has good chances of touching 333 in next 2 months!
Based on my PredictiveSystem's signals, today (08-May) its going to be a GREEN candle for NSE:CANBK Buy above: 263.6 Target-1: 265.3 Target-2: 266.6 Target-3: 267.8 Stop loss: 261.1 Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research...
CANARA BANK study 200 Day SMA support + Channel Bottom support 330-350 zone is going to be a crucial support
Refer Chart for analysis & targets