CANBK trade ideas
BREAKOUT YOU SHOULD KEEP YOUR EYE ONMarket Cap
₹ 27,502 Cr.
Current Price
₹ 152
High / Low
₹ 175 / 82.2
Stock P/E
7.54
Book Value
₹ 344
Dividend Yield
0.00 %
ROCE
5.35 %
ROE
5.58 %
Face Value
₹ 10.0
► ADVANCE PATTERN #20: CANBK ◄► ADVANCE PATTERN #20: CANBK ◄
📌 Levels are mentioned on chart for ❝Swing trading❞. These are original and unique patterns that can achieve their target almost 80-90% times. Here, I have posted one of my favourite 💕 chart patterns.
☆ Please check the description section ⌨ for early entry level in given stock ₪ to get better Risk to Reward (☈☈) ratio.
☆ Kindly ❤ like & share ➥ this pattern. Comment ⎚ with what do you think. Follow me @ tradingview for more updates and announcement 📣 regarding stock analysis.
▣ Key Highlights:
➟ Timeframe Daily Ⓓ
➟ Triangle Pattern ►
➟ Trend line ⍩
➟ EMA 250 ↝
➟ Time Correction ⌚
➟ Unique Confluence Ⓤ
📌 Levels are:
Entry: ▲ 161
SL: ✘ 154
Target: ➚ 190/210
RR: ☈ 1:4.0
Return: 18%+
Do your own study before Trade!!!
Thank you. Happy Trading!!!
Best Regards,
𝘿𝙧. 𝙎𝙝𝙖𝙢𝙧𝙖𝙟𝙖 𝙉𝙖𝙙𝙖𝙧
𝙋𝙝𝘿 𝙞𝙣 𝙏𝙚𝙘𝙝𝙣𝙤𝙡𝙤𝙜𝙮.
✬ Disclaimer ✬
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Canara Bank Chart view 👀🔝 Buy Above 160 Tgt 173 /185++ Canara Bank Chart view 👀🔝
Buy Above 160 Tgt 173 /185++
👆join for more Calls 👆
Canara Bank Share Trend Analysis by THE DECISIVECanara Bank is one of the Public Sector Bank, having 10K plus branches all over India with more than 13K ATMs. Bank mainly work in Rural & Semi Urban parts of India & its Branch network increased by 4K & ATM by 4.5K post merger with Syndicate Bank.
Canara Bank closed today at 155.70 with 1.83% gain. On Daily time frame it is showing triangle pattern & expecting a good movement post breakout. It is also trading at lower than book value so it seems good for short term/long term investment.
Follow THE DECISIVE because WE HELP YOU TO DECIDE!
This was just for educational purpose only & not recommending to BUY/SELL of any Script.
CANBK - Look For Trendline BOLook for weekly candle closing above 158.5. Also keep an eye on the trendline BO.
Do not enter right now.
CANBK : Symmetric triangle breakoutsymmetric triangle breakout
Looks good above 160 levels
for a target of 175 with sl of 150
CANARA BANKBreakout candle from the channel made.
Stock in Fibonacci final retracement zone.
Target 1 - 175
Target 2 - 190
Keep Stop loss 149
within 1 month.
Stock analysis is only for education purpose.
Don't trade without stop loss.
Please comment if any suggestions.
CANARA BANK TRIANGLE PATTERNNSE:CANBK
Keep in Watchlist. Trading in Triangle Pattern.
Breakout of Pattern can lead stock to 175 short term and 220 Positional Target.
Breakdown of Pattern can lead it towards 125 again.
Wait for Confirm Breakout or Breakdown and go Long or Short accordingly.
SL will be below Breakout level or above Breakdown levels
**EDUCATIONAL PURPOSE
CANBK SYMMETRICAL TRIANGLE PATTERNPOSSIBLE BREAKOUT
Disclaimer: Please consult your financial advisor,
Investment/Trading in the securities market is subject to market risk, We are not responsible for your profit or loss
Canara bank - sellSell from
158.5 to 159.5
Easy target 152
Disclaimer : This is my personal analysis for study purpose not intended for trading
Canara bank has got the momentum for brekaout Don't buy here wait for correction after correction momentum will break triangle and give a new surface area to the price.
CANBK - Price and Trend SetupStock has gained relative strength against Nifty and currently is on continuous rise. Price was consolidating in between 135 and 171 with further support of 147. Weekly supertrend is positive therefore anticipating further upside from here.
Long CanbkLong CanbK above 150 after the BO of TL. Target 165-170 SL 143. Stock has taken the support & high probability to touch the resistance zone.
