Price 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...
Dear Team, As per my observation Channel Pattern is Breakout then a Good Momentum Trade .. and Good Swing trade will happens Thanks I am not sebi registered.
Canara Bank is poised for an upward journey towards 400 and above provided it gives a weekly close above 348-350. Good consolidation is going on near the resistance since November 2022 Following it's journey patiently. SL 288-289.
CANBK Breakout from triangular consolidation................266
Canara Bank- inverted H & S- Flag patterrn min 40-50% swing trading . entry: 320 target:460 stoploss: 290 . . . more probability for bullish.. reload chart for clear view an hour ago . use desktop site. reset chart size for clear view . first use " + " in the chart, for zoom.. next rest chart for better view
Here's a sweet analysis of Canara Bank. Here are the details- CMP 458 Target- 484 Stoploss - 436 Amidst this highly overbought market, remember to strictly follow your stoploss and targets.
Canara Bank bullish as it is making higher high formation in 4hrs time frame with good volume , Swing target is 490 plus
A confluence of the 2017 high and PF line at 463.70 makes this price very important. On rejection of this, we can see a deep correction in the prices at least till 448 and 424 (long term) On breakout of this resistance, I am buying the stock for a target of 484.40 as the immediate target and 520 in the longer term.
Monthly breakout and retest completed in Canara Bank. Great 1:2+ Risk Reward. Great fundamentals.
Hello Friends, I am posting this idea to help investors to invest in Canara Bank. Multiple lines are drawn which will assist in taking future decisions on timing the investment via SIP. Time Horizon is 4 years. Dynamic shifting of SL or trailing SL according to progress also to be considered to protect loss.
Entry 430 Stoploss 427.5 1st Target 435 2nd Target 437.5 Trade with stoploss
Based on trend line, and fib level Canara bank looks like going towards 400 and 436 this year
#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...
Canara bank buy at 399 to 396 levels sl 384 tgt 408++
CANBK 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...
Canara bank breaking inverse h&s pattern good volume and RSI trading above 20ema psu is on boom educational idea only