Canara bank CMP 222.05 is currently at a monthly support. If it falls further down, there is a good buy opportunity at 212-215 range for a target of 226/234. Stop loss will be 206.
NSE:CANBK
Scrip: 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...
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.
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
In 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
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...
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
Buy @ 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...
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
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Disclaimer: All charts are purely for educational and information purpose only. I am...
DISCLOSURE
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...
