On the Rise and in the Trade ZoneGood consolidation, spikes and pullback but taking constant support on the up slope.
Targets 182, 210, 234
SL 154
CANBK trade ideas
CANARA BANK DAILY CHARTHi there, this is a chart of Canara Bank.
so this week we had a breakout. in the triangle pattern and the price is pulling back to the (resistance turned to support).
Entry price will be around 171.70 levels
SL : 167.75
Target : 183.40, 230.00
Hoping to see Good trading opportunity
Canara BankAt support of a major trendline the stock moved up and again formed a triangle and broke out. Good risk reward
Canara Bank LongCanara Bank bullish breakout can enter as mentioned with the Targets and Stop loss. Happy Trading. Comment your views.
Ascending Triangle@Thakurji46 From Trader for Trader💸 Buying the Dips and Selling the Rips #TrendAnalysis📈 #PriceAction👨💻 #ChartPattern✍️
CANARA BANK SYMMETRICAL TRIANGLE BO*#CANBK
*Symmetrical Triangle BO
*BO above 161
Only for educational purpose
Canara Bank - VCP breakoutIts the time of the PSU's. With reforms in the sector like a bad bank +IBC most PSU's are recovering a lot of money.
Have been bullish and shared this co since 150's..
Long at CMP..the stock has had a nice breakout after a VCP..
As i think this is a company worth holding for many years going forward SL of 147.
PSU banks trade at half their book value which is insanely low for banks with a net NPA level of sub .5%.
Canara Bank BullishStrong Triangle breakout seems rally
may continue for short while
concentrate if price sustain above 177 in daily
Canara Bank- 157.45Canbk- CMP 157.45. Can be bought on CMP and on declines up to declines to 150 with a sl of 143 CLBS for a tar of 162, 168, 178, 189, 200 and above. It is on verge of breakout and coming out of consolidation and came out of F&O ban today onwards are positive indicators for upmove.
CANARABANK CONTINUOUSLY IN UPTREND, BO DONE WITH GREAT VOLUMEAs u see on chart, Price is in continuously Uptrend and given nice Breakout of important level of 170-175, Nice Volume building-up Continuously
HIGH PROBABILITY POSITIONAL TRADE OPPORTUNITY
BU ABOVE 180 FOR TGT 240-280+ SL@140
CANBK ///WEEKLY CHART/// Canara Bank gave clear breakout on weekly chart-
Buy above 172 keep SL below 150 on closing basis
Target 1 - 205, Target 2 -235
For educational purpose only Its not a buying advise.
Check out my last study on BLS international which gave a massive breakout after my post..
Canara Bank Long 200+All PSU bank stock might outperform in the coming months. I am targeting Canara Bank and Bank of Baroda. We might see a breakout in Canara bank from these levels. The Current CMP is 176.85. I have bought shares of Canara bank at 174 and targeting till 200. If it sustains a physiological level of 200, we might see 225-230 levels.
Time Frame: 1-2 Months
Canara Bank LongCanaraBank Long Ecpect 320 Level
Keep Watch 20MA Level for Pullback
Thank
Sakthi
Like and share On My view
Canara Bank | CANBKA 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.
CANBK - Setting up nicely for a Medium term upmove - LONGCANBK seems to be forming a nice pattern which encourages chances to catch a good breakout with very little SL. Can go Long in the Stock for the medium term, with a SL below 150 on closing daily basis.
** Important Note - This post is my own study of the mentioned scrip and the views are given with reservation that they may prove to be wrong. I am not a SEBI registered analyst. Please consult your investment advisor before making financial investments.
canara bankWait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
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