My view on canbkDouble bottom breakout possible in canara bank
Looking short term tgt 290-295-300++
Keeping on radar canbk 290 CE
Key stats
Market capitalization
507.594BINR
Dividends yield (FY)
2.32%
Price to earnings Ratio (TTM)
5.15
Basic EPS (TTM)
54.20INR
About CANARA BANK
ISIN
INE476A01014
Sector
Finance
Industry
Regional Banks
Website
canarabank.com
CEO
K. Satyanarayana Raju
Headquarters
Bangalore
Employees
86.919K
Founded
1906
Canara Bank engages in the provision of commercial banking and financial services. It operates through the following segments: Treasury Operations, Retail Banking Operations, Wholesale Banking Operations, Life Insurance Operation, and Other Banking Operations. The company was founded by Ammembal Subba Rao Pai on July 1, 1906 and is headquartered in Bangalore, India.
Canara Bank Long Positional Cananra bank currently at demand zone it took support multiple times here before rallied back to high expecting the same low rish high reward at current level.
Buy at Current Market Price at 270 to 275 stop loss swing low or 265 keep 5 points buffer.
Targets of 285 ,300 and 310.
Canara Bank Cmp 284 dated 21-3-2023 Hammer CandleCanara Bank Cmp 284 dated 21-3-2023
1. Yesterday made Hammer Candle.
2. Today closed above Hammer Candle.
3. RSI Divergence
Buy @ Cmp for target 290-300-308-310 SL 275
It is just a view, please trade at your own risk.
CANARA BANKCanbank broke out of descending channel on an hourly chart with good volumes.
Could be bought with mentioned stoploss & target.
Channel PatternThe channel is a powerful yet often overlooked chart pattern and combines several forms of technical analysis to provide traders with potential points for entering and exiting trades, as well as controlling risk. The first step is to learn how to identify channels. The next steps include determining
Canara BankCANARA BANK
Monthly Time frame
Falling Wedge Pattern
Near 300 add
Dip till 250-230
SL - 216
Target - 468
This chart is only for educational purpose
Triangle PatternA triangle chart pattern involves price moving into a tighter and tighter range as time goes by and provides a visual display of a battle between bulls and bears.
Script = Canara Bank
Time Frame= 15 min
CANARA BANK - DAY CHART - 19.02.2023 - BAHAVAN CAPITAL CANARA BANK as per day chart analysis
Stock ABOVE 301 TARGET 304
CANARA BANK - DAY CHART - 15.02.2023 - BAHAVAN CAPITAL CANARA BANK as per day chart analysis
Stock ABOVE 309 TARGET 313
Happy Profitable Trading to All...
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