CANBK trade ideas
Canara bank fall arrested ?It seems to me that wave 5 is converging as a diagonal pattern. Wave v of bigger wave 5 is completed or about to complete. If it is so it will have a pull back to 210 levels
Weekly Channel SupportWe can see the below chart stock has made Triple Top and now trading around monthly as well as weekly Trend Line Support. In the last week, the stock has given small bounce and closed in green and chart pattern is Morning Star. It is not looking very strong chart pattern, however, other than that all supportive signals are positive.
As per our view, we can buy CANARA BANK at the current market price. Keep stop-loss of 215 with a target of 270, 300, and more.
Canbk Gartley PatternA bullish Gartley Pattern in Canbk. Entry is around 223 with a stop of 212 for targets of 253 and 261
CANBKPretty interesting to watch this at this level.
The Inversion analysis suggests to go long at 221 with a strict SL placed at 213 for targets towards 226/228/230.
Watch this space for more such ideas !!!
