CANBK trade ideas
Canara Bank - Ripe to ride the momentum - Weekly ChartScrip: Canara Bank
Setup : Price at 52 week high, Chikou in open area, Ride the momentum for quick 10%-20% gains
Entry : 185 - 195
Target - 225-228 range (20% gains)
Stoploss: This is positional trade and determination of Stoploss should be based on ones risk profile.
150 should be good zone to add more to the position.
Please note: I am not a SEBI registered Financial Advisor or Analyst. Please trade and invest based on your knowledge and Risk Profile.
CANARA bank share is getting momentum .Canara bank is retesting the Support area. High probability to bounce from the area. keep the stock in your watch list.Go long on the positive candle for a further upside move. This is for your educational purpose only.
(Swing)------Canara bank-------PROFIT 40 % Multitimeframe trendline BO +Ascending triangle + channel BO + good volume + trading above all MA
Buy @173
Target @245 ( 40%)
Sl 150
check our Recent analysis from related idea
FOLLOW , LIKE , COMMENT & SUPPORT
Canara bank swing setupIn live market cannot describe much
Canara bank has broken its previous supply zone which is now a huge demand zone and also a Harmonic half bat pattern
Buy at current levels @175 stop loss @170
Targeting 30% as first target as its a major breakout
Will not keep SL personally will keep adding at dips
NSE:CANBK
Canara Bank " up to 23% gains "Hi Traders/Investors,
This is a Swing/Positional Trade.
I can see a possible bullish momentum can still occur in Canara Bank in upcoming period because of,
1) Breakout and Retest of symmetrical triangle pattern .
2) Increase in Volumes in recent times.
3) Breakout of Resistance level ( approx. from 2 years ) with High volumes, as Longer the resistance holds and breaks stronger the move it makes.
4) RSI indicator taking support at 60 and moving upside.
Entry : 240-245 levels
Stop loss : 228
Target : 300
Giving a Risk to Reward of 1:3.5 and Returns up to 23%.
Please don't make any decision solely based on this analysis.
Give a thumbs up if you liked this analysis as this requires deep research.
Buy at 247 SL 240 TGT 253 and 257Suggestions are based on my analysis only. Please do your analysis before taking any trade.
( Positional ) Ascending Triangle Pattern in CANARA bank Multitimeframe trendline BO +Ascending triangle + channel BO + good volume + trading above all MA
Buy @173
Target @245 ( 40%)
Sl 150
check our Recent analysis from related idea
FOLLOW , LIKE , COMMENT & SUPPORT
Nice triangle breakout - Can it rally?SL - 150
Target - 175 and beyond
The price gave a decent breakout and sustained above the breakout line. Looks interesting.
Long in Canara bankBuy @ 169-180
Stop loss @ 160
Upside target @ 200 then 225
Technical:- On the daily chart stock formed higher - high and higher low formation, and stock formed ascending triangle pattern and breakout it with heavy volume. So if you want to open a long position on the safer side please go ahead with my recommendation.
Disclaimer:- Before taking any trade, please do your own analysis and consult your financial advisor Because I'm not a SEBI register advisor.
Canara bank : Triangle pattern (Time frame-1Week) .Canara bank : Triangle pattern (Time frame-1Week)
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Chart time frame -1 week
Trade type -Short term
Duration - 3 months
Entry - 180
Target 1 - 230
Stoploss - 160
Risk : Reward - 1:2
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Disclaimer: All charts are purely for educational and information purpose only. I am not a SEBI registered Investement advisor. Please Trade and invest based on your knowledge and risk profile.
Buy at 226 TGT 231 and 235 SL 220Suggestions are based on my analysis only. Please do your analysis before taking any trade.
canara bank looking good for more upsideDISCLOSURE
This is only for educational purpose
This is not a recommendation
I am not SEBI registered
Do not TRADE/INVEST basis what I publish here
I am not responsible for your loss or gain
It is prudent to assume that I have ulterior motives in publishing this Idea
I and my clients might or might not have a position, I and my clients might or might not have a opposite position
Buy at 223 SL 218 TGT 231 and 235Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Canera bank forming a triangle patternTriangle pattern formation Keep it in watchlist.
stock trading below a major resistance so long term trend is weak.
Buy at 227 SL 221 T1 233 T2 238Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Canara Bank long above 170Supply Zone becoming week, wait for the break out above 170 looking good for 220 levels
CANBK | NSE | INDIA | ANALYSISThis is the pure PRICE ACTION based analysis of Canara Bank stock.
Since it made a double bottom with rsi divergence, it has to come up.
Also it is consolidating up side with rsi also, there is more likely to go long.
CANARA BANK... ADD TO YOUR WATCHLISTThe script had formed a symmetrical triangle.. The share price is near the apex of the triangle. Increasing volumes traded in the last few days.
A breakout might come soon.
Expecting a good upward move in the next few months... Target 200.
Keep this stock in your watchlist and accumulate after it breaks out.
Canara bank - deep crab -dailysee chart and study
can see downside 182 -174
negation above 210 closing - may form another pattern.
Educational purpose only.
This is not a recommendation -
Inspired by - Trading Mirror telugu
