CANBK trade ideas
Swing Long - CANBK - target 239On MTF price took support from .786 fib level & MACD divergence appeared. On WkTF, MACD divergence also followed and MACD crossover also found on DTF. Highest delivery % found near VWAP 225.34, where the closing price was 221.75. On 17.01.2020 CMP was at 221.6 which is attractive price for the accumulation and continuous bullish volumes also validating the same.Entry near 215 and SL near 203.
CANBK, Idea for profit 23-Dec 2019CANBK if break 234.40 tomorrow will do 238.5 intraday. Keep on watch and trade only above 234.40
CANBK LOOKING GOOD FOR LONG CANBK Looking good for Long now. Above 233 we can see good upmove. Possible target 245-260 in coming days with Stop Loss Of 218. View Negated if fail To Give Closing Above 233.
Canara Bank Trading Idea (Swing)If the price breaks the last fractal top, go long.
Enter using Stop Loss limit order with the given levels in chart. ( CNC )
This buy signal automatically cancelled if another UP fractal is formed.
Vice Versa for short.
Canara Bank - Study - LongThe stock has given breakout from its resistance zone of 216.55.
Buy for a target of 236, 285.
Stop loss: 207
Taking support. A breakout needed for continuation.Canbank took resistance at multiple resistance zones and pushed down again. Now the stock is just at a minor resistance moving above it will be a positive sign for the stock in the short term and prices may push to 235 levels. However any failure to hold above it will result into continuation correction.
Canara Bank buy setupBuy CANBK at CMP (214+) and on dips upto 213
T1: 227
T2: 233
T3: 242
T4: 255
SL: 205.50
LONG: Target 233/246First level 233-234 can work as a resistance, once it breaks ready to move to 246 in coming days
POSITIONAL LONG TRADE IN CANARA BANK !!(DEC FUT)!!POSITIONAL LONG TRADE IN CANARA BANK
VIEW:
-LIKE EARLIER CALLS WE WERE EXPECTING A PULLBACK TO BREAKOUT LEVELS
-WE NOW EXPECT BIGGER TARGETS
CHECK PREVIOUS IDEA
CHECK PREVIOUS IDEA
TRADEVIEW
DEC FUT/JAN FUT
BUY@225
STOP@215
TARGET 1@230
TARGET 2@240
LOT:2000
QTY:5
Canbank has approached an important zone! Watch HereCANBANK: Recent rally in public sectors banks have been good and strong. Almost every public sector bank rallied more than 20% from their recent lows. Canbank is now hovering at a resistance point. There is a strong supply area ahead, if the stock fumbles here, there may be a small correction which may rest close to 208 -205 levels, if a breakout is successful then it can scale to 275 levels in coming months. The overall trend & sentiment is positive and healthy. RSI and MACD has not displayed any signs of weakness.
