CANBK trade ideas
CANARA BANK 1D chartPlease enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
Canara Bank back at 2004 levels.The stock can move to 150-200. It is back at its 2004 levels which on the chart is a demand zone. Not more than 1-2% of total portfolio should be risked here because it's a make or a break trade. SL around 60.
[ INTRADAY ] CANBK SHORT BET Minimum r : R ratio is 1 : 2
Rest as per Chart
A more safer bet will be if It gives closing below Trendline
Canara Bank 1D chart, broken the reistancePlease take entry once u get a proper reversal or breakout from the levels, kindly support my views
Canara Bank : 13-10 INTRADAY - LONGStock identification on 30min TF
Trade & analysis TF - 5min
1. Hammer on 30min in demand zone
2. RSI divergence on 15min
3. Buying volumes from base levels (around SL)
Entry, Targets & SL on the chart.
Canara Bank LongAll PSU banks are looking strong. Bank nifty is looking strong.
There is major breakout on bigger timeframe. It has been facing quite resistance from sometime. Also it has broken its swing high and went to 93.3
The point from where it started to break down even after breaking the trendline resistance is because it was harmonics point.
10% OI builtup in futures. Major rally to begin here. Expecting this to cross 95-100-107-115.
Why canara bank among PSU? -SBIN is part of nifty as well, so with impact on nifty it may just adjust a bit. Why not Bank Baroda then? cze the OI is negative, i.e. shorts are covered and so not expecting momentum there until fresh buying is seen. But PSU banks are looking very bullish.
CANBK INTRADAYCANBK INTRADAY TREAD PLAN
GREEN ZONE LONG SIDE WITH TARGET
RED ZONE SHORT SIDE WITH TARGE
CAN APPLICABLE FOR 11 TO 13 OCTOBER CAN TAKE POSITINAOL ENTRY AS WELL.
DIS...... ONLY FOR EDUCATION PURPUSE
Canara Bank - Positional longOn Closing basis it is above 9 EMA / Vixfix continuously falling, and OBV increasing.
1st Target: 100
2nd Target : 110
God is in the detailsDISCLAIMER:
Trading in the stocks market or futures markets is one of the riskiest forms of investments available in the financial markets and suitable for sophisticated individuals and institutions. The possibility exists that you could sustain a substantial loss of funds and therefore you should not invest money that you cannot afford to lose. Nothing in this analysis is a recommendation to buy or sell stocks or futures and I shall not be liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from the use of this analysis or reliance on such information. Consult your financial advisor prior to investing is stock market.
This is one person’s experience, your experience may differ. Past perfomance is not gaurantee of future gains.
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LONG VERY GOOD OPPORTUNITYBuy at 108 and stop loss is 104. Target is 130 in one month. This stock is a cyclic stock and not good for long term investment. every time when it dip down, in next few month is will give unto 60 to 70% upward movement . Currently it is consolidating in a range, so one can take a small risk of 5%.
double bottom patterndouble bottom pattern.
this is just an anlysis and not any call to trade.
The analysis done does not mean i trade in all of them. Entering any trade or not depends on the opening price and other factors.
Canara Bank gives positive breakout after a long consolidation NSE:CANBK
Baking sector now looks positive. Now may it will participate Nifty to take it 12000 level. Near all banking stocks are on breakout level. I am posting on of that.
Canara Bank - Beautiful Bollinger Upper Band BreakoutCanara Bank satisfying all the right conditions for a further upside. Bollinger breakout - Ichimoku Cloud Crossover. Lets see where it goes.
