CANBK trade ideas
Struggling Scrip short selling This scrip is struggling to move up and its possibly forming Regular flat in the Middle of B wave , i am looking to go short on 4 Hour impulse bearish candle low , and stay with it til the forecast area for cover using trailing stop
Long Continuationit has made a small flag on top of the Trend line , Now brake of Yesterday high it can lead up to 302+ , we are looking add in case it brakes
double top formationIt has formed a double bottom for the completion of double top in a higher time frame
Canara Bank Short SetupCanara Bank
CMP 259.55
Formed Spinning Top at resistance can sell at low of today with high of today as Stoploss
Stock is at also 78.6% Fibonacci Retracement
Target can take it to 234/235 levels
Risk 5 rs
Rewards almost 20 rs
Canara Bank: Wonderful Wyckoff AccumulationThis stock comes across as a wonderful accumulation candidate from a Wyckoff perspective. The volume signature is very accomodative and the PSU Banking sector looks good as a whole. I am holding long positions and will abandon the bullish view if the price falls below 230. Expect more updates with Point & Figure targets soon !!
looks like a buyafter forming double bottom in 4hour time frame...the stock has gone 35 points from bottom
so as per Double bottom after the neckline is broken
we can enter in a retracement. Now the stock is exactly coming for retracement which had formed a channel like structure in 30 min time frame
so stops below the demand zone
buy when the channel is broken
#CANBK CASH : LOOKS GOOD ABOVE 264#CANBK CASH
31 OCT 2018
LOOKS GOOD ABOVE 264
& DIPS 258-260
STOPLOSSS 252
TARGET 272/280
CMP 261.85
CANBK | PSUs at the verge of BreakoutCanaraBank is at the verge of breakout. Keep PSU Bank under watch, they are expected to run good in coming week.
