CANARA BANKprice is between two resistance levels
Keep an eye
Staying above 400
Next move may start
*Remain cautious till below this.
CANBK trade ideas
Canara BankCanara Bank
Stock has broken out
Looks ready for 400=
400ce Option holders
Seems in mega bull run
Higher Highs
This is another cool breakout trade. But be careful see nifty This is another cool breakout trade. But be careful see nifty which is slow or downtrend
Risky trade.
Stop loss and hedge must
Canara bank analysis Stock has given strong BO on daily chart with massive volume spike, also in H-H pattern with supportive Trendline, follow chart for proper support and resistance levels.
CANBK Short Opportunity (WIT)WIT Short Opportunity
If Price will comes at entry level before reach at target level then go for short.
Tarde at your own risk.
We are not SEBI Registered.
canara bank cash after breakout profit booking and stock doing good consolidation near its important support level 320 .yesterday stock showed first sighs of strong closing and buying interest after the fall .if 320 holds on closing bases stock can move towards 350 -385 in September and then towards 450 level in next 2-3 month .view fails on day close below 320 .
Canara BankCANARA BANK
Monthly Time frame
Falling Wedge Pattern
Near 300 add
Dip till 250-230
SL - 216
Target - 468
This chart is only for educational purpose
PNBcanbk has been sideways since Jan 2023.
closing above 315 could be very good. for move upto 355
275 needs to be saved on closing basis
Canara Bank Rally ContinuesNSE:CANBK has given a solid breakout and a stop loss at 365 can be followed. PSU banks are looking strong and hence, you should hold this one with discipline. PSU banks are leading the current rally. Canara Bank also gave a strong monthly chart breakout a few months back and now is back in strong momentum.
CANBK, CANARA BANK, Indian EquityThis is a Monthly Charts should used for investment purpose only
The way PSU bank are moving this should reach 750-800 if bull run continues.
Stop loss can be below 268
Resistance at 463 levels another one is way above marked in RED
Enjoy
Canara bank breakoutAscending triangle breakout pattern
Volume accumulation
RSI above 60 and rising
Above EMA40
Favourable risk reward ratio
CANBK - Breakout After 175+ DaysDetailed View about this Breakout:
No.of Resistance: 3
No.of Support: 4
Consolidation Days: 175+ Days
I Post educational chart for 3 Swing / Potential Stocks Everyday.
Check Related Ideas section for more Swing Stock analysis.
Canara high done for September Canara bank following rising Chanel has reached peak of Chanel now its on verge of breakout or it will take resistance and come down to lower or middle of the Chanel at least
#CANBK BO in DTFWTF is in UT,
DTF Formed a VCP
Volume dry up before BO, at BO volume spike
Ema rule in play
MACD Cross Over
RS Line flat
Canara Bank : 13% to 52% Upside PotentialCanara Bank 11 Sep 2023
The stock was showing a good price action for the past couple of weeks, BO today with huge volume.
In Play : HH-HL
Summary
• Trading above VAH
• Next Resistance 365 zone
Conclusion
• CMP 355
• Higher Targets could be around
o Short Term : 365-380
o Mid/Long Term : 397-434-480-537
Wish You Happy & safe trading
Views are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
"Always Respect Risk"
Happy Trading
Jai Hind Jai Bharat
canara bankcanara bank counts show that the next up move starts as impulse from here. anyone having different counts can share to improve on the learning process of ew waves .
Canara bank waiting for potential breakout cosider above 370 levels
its more then 9 year respect the trendline once its break we can expeact blast in future
CANBK 1HTF breakout Canara bank 1hour time frame breakout from a beautiful triangle pattern
Low risk trade
Less stoploss
#CANBK Pending correction ?Stock could possibly face correction considering the massive up-move and the signs of momentum slowing down with weakness and bearish patterns .
Price breaking down the channel could trigger a move south
Plots on the chart for reference .
Hourly timeframe analysis of Canara BankA short-term trade can be initiated based solely on the hourly trendline. This approach offers a trade opportunity with a risk-reward ratio of approximately 2. (Though the potential upside seems considerable, it's wise to consider 2 as a minimum expected ratio.) For this short trade, the stop loss can be determined by looking at the support trendline drawn in the hourly timeframe or the latest low. As for the target, aiming for a price range of 350 to 360 could be a prudent strategy.
Exploring Canara Bank Stock: An Breakout of an 11-Year TrendlineIn the world of stocks, interesting trends can often reveal exciting opportunities. One such intriguing situation is happening with Canara Bank's stock. There's an 11-year-old trendline that has been obeyed by the price six times in the past. And now, it appears that a breakthrough is occurring in this stock.
If we look at the monthly candle of July 3, 2023, we can observe a breakout from this resistance trendline. This breakout presents a chance for a trade with a promising risk-reward ratio of around 2.7. To explain, the recent low (trading between 270 and 278) can act as our stop loss, while the target lies within the resistance zone ranging from 499 to 514. This is our initial target. However, it's worth noting that we could even aim higher, targeting all-time highs (ranging from 723 to 732). This ambitious goal could potentially yield a remarkable risk-reward ratio of about 6.5. Yet, achieving this could take quite some time and would depend on how the stock's price action and momentum unfold during the journey to the initial target.
Delving into entry conditions, we also see some promising signs on the hourly timeframe. The stock has displayed significant price action here as well. The hourly trendline, much like its longer-term counterpart, has been tested around 5 to 6 times in the past, making it a reliable marker. Once this hourly trendline is breached, it could serve as a trigger for initiating long positions.
Alternatively, a short-term trade could also be initiated based solely on the hourly trendline. This approach offers a trade opportunity with a risk-reward ratio of approximately 2. (Though the potential upside seems considerable, it's wise to consider 2 as a minimum expected ratio.) For this short trade, the stop loss can be determined by looking at the support trendline drawn in the hourly timeframe. As for the target, aiming for a price range of 350 to 360 could be a prudent strategy.
In conclusion, the unfolding breakout in Canara Bank's stock presents an exciting scenario. Whether pursuing a longer-term target or considering short-term gains, the trendline dynamics in both the monthly and hourly timeframes offer intriguing opportunities for investors to consider."
