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CANARA BANK

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CANBK trade ideas

Canara Bank - Long Setup, Move is ON...#CANBK trading above Resistance of 535 Next Resistance is at 661 Support is at 447 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:CANBKLong
by MandeepSinghKohli
Canara Bank - Long Setup, Move is ON...#CANBK trading above Resistance of 447 Next Resistance is at 535 Support is at 359 Here are previous charts: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE:CANBKLong
by MandeepSinghKohli
Canara Bank : Long Resistance BreakoutThe stock in uptrend with higher high and lower low. In weekly chart , the price given a 9 month resistance breakout with bullish candle. Looking at the past pattern, short term target will be Rs 404 with stop loss at Rs 330. In higher time frame , long term resistance i.e., 7 year at Rs 463 and if given resistance breakout from that zone, potential long target will be at all time high. The price above all key moving average. Fundamental P/E- 5.17; NIM- 3.05%; NPA- 1.57%; ROA - 0.99%; CASA- 31.08%; Promoter- 62.90% Thanks -aJ Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
NSE:CANBKLong
by Indieconomic
Canara bankPrice is consolidating in the form of an ascending triangle. As per the pattern, the price have to give upside break out. But we will plan for fall also, so that we wont be surprised by the price movement. Q3 result was good with 26.8 % net profit. Daily time frame shows price is taking trend line support. Buy above 470 with the stop loss of 465 for the targets 475, 480, 485 and 490. Sell below 458 with the stop loss of 463 for the targets 453, 448 and 442. Hit the like button to Rock !! Show some energy !! Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell. You are responsible for whatever you do.
NSE:CANBK
by vanathi
2
CANARA BANK - Ready for a high jump#CANBK CMP : ₹.403/- Date 30-11-23 The third largest PSU bank among public sector banks with good quarterly results. Revenue & profits are increasing on QoQ basis with decent margin. Now it's in a breakout point . A6 year long round bottom have been completed and waiting for an explosion along with the breakout from triangular channel of 2 years old. Good point for accumulation now. Ready for high jump. Potential days are ahead. Expecting 50% movement within 3-6 months time. Stoploss @ ₹.375/- Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
NSE:CANBK
by DevanNaayar
CANBK has a potential of 20% upside in near termCANBK is the only PSU bank stock which is trading at less than 5 PE despite posting 3rd highest profits in last 12M. I see a lot of potential in PSU bank stocks in long term. Will be investing across PSU banks. Finance sector acts as a beta when nifty makes new highs. So betting on Finance stocks especially PSU banks. Based on SMC concept, Breakout has happened and likely to touch next level resistance which is 20% upside. CWH also can be drawn with same target. Handle is under formation. Range bound trading strategy also supports this target.
NSE:CANBKLong
by Manabala