Price started with month demand zone which rally base rally demand zone.
CANBK analysis on monthly time frame.
1st target 360 after crossing SZ1
2st target 583 after crossing SZ2
3st target 705 after crossing SZ3
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.
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.
