CANARA BANK - BULLISH MOVECanara Bank has shown good bullish move in 4 hour HA candle and price is above 200 SMA. One can buy above 245, with target 265 which is also the resistance and SL around 225
CANBK trade ideas
Long Trendline on canbkLong Trendline lying on canara bank and need to wait for breakout.
Trade:
Buy above - 348.75
Target 1 - 356.00
Target 2 - 364.00
Stop loss - 339.00
Bulls are BackCanara bank can retest it lost glory, one can go long for target of 350 & 360. SL. 335.
Potential Bearish BAT (SWING SHORT SETUP)Hi,
A Potential bearish harmonic bat near completion on 15 min chart in confluence of trend line resistance.
Note : MACD 4C giving bearish divergence.
Trade levels as follows.
Entry (Price Reversal Zone) : 354
TP1 : 337.4 (38.2%)
TP1 : 330 (61.8%)
Stop loss : 359.5 or higher
Always watch price action before making entry ( for a better risk/reward ratio)
Trade with care
Gulz.
Canara Bank - Cup & Handle formation!As per my analysis yesterday price action has formed rounding bottom today and in addition with it forming a handle. Yes, a cup and handle formation is in process.Volume is rising on the handle formation. We can enter when the price breaks cup and handle formation. Buy above 339 with the stoploss of 336. Targets are 342, 345 and 347.
Canara Bank - June 29 Day Trade!Price action is forming a rounding bottom. Buy above 329 with the stoploss of 326. Targets are 332, 335 and 338. Sell below 326 with the stoploss of 329. Targets are 323, 320 and 316. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry for short. 4. Dont enter trade if there is no clear buy/sell signal. 5. Enter when price action breaks 15 mins high/low.
CANARA BANKstock has broken the triangle
one can look into this stock at current levels
for target towards 335/330
sl 349
As there is breakout of pattern,we may short sellAs there is breakout of the pattern its time for short sell,i just takes decision once the market is started.
As once the market starts moveing downward we may opt for short sell till it reaches support line.
Canara Bank short for dayI am looking to sell on Open or sell on rise with stop of 357 for Target of 347
Risk to reward is not good in this trade
This information is only for Education not to be treated as Advise for buy or sell
Regards
Canara Bank Sell on rise I am looking to sell at 351/352 with stop of 354 for Target of 342/340
this set up is only for day trading
This information is only for educational
Regards
Canara Bank - June 9 Day Trade!Buy above 362 with the stoploss of 359. Targets are 365, 368 and 371. Sell below 358.5 with the stoploss of 361. Targets are 356, 353 and 350. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for June 9, 2017 only.
CANARA BANKstock underwent correction
now trading sideways
one can look into this stock above 365
for target towards 369/372/376
sl based on individual trader
CANBK bounce from support CANBK price action bounce from the support zone, one can add at the 355/360 for target 403/458 stop loss below 345
Double Harmonic Trading Set-up for June 5- CANARA BANK - 15 MinsHello Traders,
We have spotted double harmonic trading setup on Canara Bank 15 Mins Charts. Price action has formed bearish Cypher and bearish Gartley patterns. Gartley is very near to its completion whereas Cypher pattern is already active.
Trade Levels:
Entry Zone: 360 - 363
Stop: 366.70
T1: 353.75
T2: 350.10
Good Luck!!!
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Symmetric triangle breakout {Bullish}CANARA BANK
One of the stock which can perform best with good % of retruns for long term investors...
CMP: 394.55
Technical Reasons (monthly):
1. It has made a symmetrical triangle breakout in upward direction.
2. Bollinger Bands are expanding and candles are riding the upper band though we can conclude trend is strong.
3. RSI is also in a neutral zone...
Technically on monthly charts it is very strong.. Should invest for higher returns...
Points to be carefull:
1. It is highly overbought in daily and weekly charts.
2. On daily and weekly charts RSI is above 85 and 75 respectively.
Conclusion:
Very much chances are price can be seen upto 380/370/365 regions which will be an opportunity for entering for longer term ...
Targets are 450/490/550+
Stop Loss is 345
Note: Do your own study before making any position.
Please Like Follow and Comment your views below...
Canara bank - May 25 Day Trade!I have found symmetrical triangle formation in canarabank. Lately I have found triangles are fascinating. In few minutes of market opening triangles will give us clue about which direction price action will break. Buy above 357 with the stoploss of 355. Targets are 360, 364 and 366. Sell below 353 with the stoploss of 356. Targets are 350, 347 and 344. Intraday calls depend on the market opening. Analyse and follow your trading plan always. New traders enter trade after watching price action for 15 to 30 mins. This trade is valid for May 25, 2017 only.
