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CANARA BANK

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CANBK trade ideas

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.
NSE:CANBKLong
by DhRuV0007
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.
NSE:CANBKLong
by Pro_Trader_Club
Canara bank : Triangle pattern (Time frame-1Week) .Canara bank : Triangle pattern (Time frame-1Week) . Chart time frame -1 week Trade type -Short term Duration - 3 months Entry - 180 Target 1 - 230 Stoploss - 160 Risk : Reward - 1:2 Leave us a comment or like to keep our content for free and alive. Have a great day everyone! 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.
NSE:CANBKLong
by wininfinity_
[ INTRADAY ] CANBK SHORT BETrisk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:CANBKShort
by Palkesh_Agrawal
[POSITIONAL] CANBK LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:CANBKLong
by Palkesh_Agrawal