CANBK trade ideas
Canara Bank Daily Chart Price ActionCanara Bank forming a Triangle pattern on daily, might show us some positive move.
No trade Suggestions !!
Thank you
Canara Bank on the Verge of a Breakout Canara Bank on the Verge of a Breakout of the downward sloping channel.
It has just reversed from the upper trend line of the Channel and is having a short term trend line support and if the trend line support holds can make a breakout above the channel and will provide an opportunity to go long for the following targets.
T1-165.75
T2-174.60
Look to go long on breakout with volumes and a retest. Keep on your radar.
Canara Bank - Trend Analysis NSE:CANBK Self Study chart
Currently trading in ascending triangle pattern.
Keep an eye on it....
High Risk:Reward opportunity :Long Canara Bankat a very low-risk support zone. Levels are marked by lines. Find your trade and play it.
Canbk breakout !!Canbk again seems back into action...Can see the volume action in past weeks..one can consider long with SL 150 on weekly CB and watch for potential breakout of 172-174 levels....ride the trend :)
CANARABank: Inverted H&S BreakoutThe stock has reported 3k crore profit against the loss last year.
currently making inverted H&S pattern on DTF and broke volumes.
Targets are at a very good levels and Risk to reward is excellent.
DISC: For educational purposes only.
Inverted cup and handle patternA clear cup and handle pattern is visible on the daily chart. If price closes below 153, then the price will continue to fall further.
The first target would be 146.
The above analysis only for the educational purpose.
Inverted Head and Shoulder / Breakout Canara Bank has formed Inverse Head and Shoulder Pattern on the daily time frame.
Broken resistance on high volume candle
Now the resistance will act as support if the stock retest its resistance look for an opportunity to buy at 156-155
Buying at retest will enhance the Risk-Reward ratio
Target 184
SL 153 (50%)
SL 147 (50%)
Canara bank - buy Buy < 152.7
easy target 161.5
tg2 - 165
Disclaimer : This is my personal analysis for study purpose not intended for trading
CANBK_SHORT TERM OPPORTUNITYCANARA BANK can show bullishness if it breaks the trendline with good volume.
A short term opportunity can be grabbed.
(for educational purpose only)
Canara Bank looking BullishMedium-term Swing Trade (2-7 weeks)
(Purely Price Action based trade)
Canara Bank has posted very strong quarterly and yearly results and looks bullish in the future.
It is approaching a very strong supply zone of Rs. 170-177 where it has faced rejection multiple times previously.
If this zone gets broken with a good momentum and volume the following trade can be entered into:
(Levels and analysis mentioned on the chart)
Entry Price : Rs. 176-178
Target 1: Rs. 190
Target 2: Rs. 205
Target 3: Rs. 235
___________________________________________
High Risk Traders can also enter at CMP for:
Target 1: Rs. 172
Target 2: Rs. 190
Target 3: Rs. 205
Target 4: Rs. 235
(The R2R Ratio is not very favorable in this trade)
Cheers!
ReRating CandidateThe Canara Bank is showing good resilience on charts from the bottom year lows to the new range where it is moving ahead for a breakout @ 206 with a strong base in the range of 130-140. This is a monthly chart where we can clearly see the RSI is also in an uptrend. Hold for Long term perspective.
Canara Bank 159 - BullishCanara Bank 159 - Bullish. Has given breakout with good volume suggests Target 183.
Canara Bank: Turnaround Potential Retesting after cup and handle breakout in canara bank. RECOMMEND Strong Buy for SHORT-TERM target of 196. Sl:150. Horizon: 15 days, all Oscillators are positive.
CANBK Important Levels to watch:
RESISTANCE:171.49
RESISTANCE:168.06
RESISTANCE:165.94
SUPPORT:157.78
SUPPORT:155.66
SUPPORT:153.54
