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CANARA BANK

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CANBK trade ideas

CANARA BANK - DAY CHART - 08.12.22 - BAHAVAN CAPITAL CANARA BANK as per Day Chart Analysis Stock ABOVE 326 TARGET 330. FII Net selling at 1131.67 Cr and DII Net Buying at 772.29 Cr. As such FII are in selling mode and need to wait watch for next week. Had Posted on 07.12.2022 for the stocks HIKAL, FACT, GUJARAT AMBUJA EXPORTS, GOKUL AGRO RESOURCES & ITC and among these ITC never went to our entry price and rest all stocks have HIT the TARGET. Iam glad most of the targets had showed good movement. Happy Profitable trading to all...
NSE:CANBK
by UnknownUnicorn19608572
Canara BankCANBK:- The stock has given breakout after 5 years it is a good stock for short term with good volume. Hello traders, As always, simple and neat charts so everyone can understand and not make it too complicated. rest details mentioned in the chart. will be posting more such ideas like this. Until that, like share and follow :) check my other ideas to get to know about all the successful trades based on price action. Thanks, Ajay. keep learning and keep earning.
NSE:CANBKLong
by AjayDhakad_Keep_it_simple
Canara bank spot cmp 306Canara bank started its upmove from levels of 80 and now it trading around levels of 310 almost have given a rally of 4times in last 2 years Now on weekly time frame counter is trading around resistance levels of descending trend line, which is around 310-325 levels, in last one week counter is consolidating in range 303-315 levels and now able to sustain higher, Wolf wave formation is observed from the low of 2020 to till date and counter is overbought as per the structure of wedge, 5th wave of wolf wave is almost matured and waiting for reversal confirmation, any weekly bearish candle formation would lead to confirmation of trend reversal in counter, Bearish divergence on RSI is observed on weekly time frame, price wise reversal can be seen on weekly candle closing below 301 levels, Its time to book your investment on this counter , fresh investment is only suggested above 331 levels on weekly closing basis, any reversal confirmation leads to levels of 260-220 levels,, Time to be cautious on this counter.
NSE:CANBK
by RUDRA007
Long on Canara Bank (CMP - Rs.240)Canara Bank reported healthy earnings led by robust NII/Loan growth and controlled provisions. Margin expanded 6bp QoQ aided by improvement in CD ratio. The bank further carried 25% provisions on its SREI exposure. The management is confident of sustaining growth in advances led by a broad-based performance across all segments and has a strong focus on bringing down the GNPA and NNPA ratios from current levels. CBK reported a steady operating performance supported by healthy loan growth and improvement in asset quality while NII growth was soft as margin contracted 15bp QoQ. The Current price of CBK is less than it's intrinsic value, which makes it a good time to consider, as stock is not in overbought zone. I believe that this stock be added to one's portfolio for long term, as it has high value unlocking potential remaining in coming days. One can consider the levels marked in the chart and follow strict discipline with it.
NSE:CANBKLong
by mayurmalgear
Canara Bank: Chart set up, trading view and trading strategyWe are looking at weekly chart of Canara Bank Phase 1 - Trading in a parallel channel from Mar 2018 to Aug 2019 Phase 2 - Trading in a parallel channel from Feb 2020 to Aug 2021 Phase 3 - Canara Bank is back in the same zone as between Mar 2018 to Aug 2019 296-310 zone is crucial resistance zone for the stock. It could be a strong breakout if sustained above that on weekly closing basis. In such case doors would open up for target of 359/ 404 / 464 odd levels. However in the previous 2 phases Canara Bank traded in the parallel channel for approximately 1 and a 1/2 years. Going by that logic a sustainable breakout above 310 could be somewhere around April 2023. I would be skeptical at current levels to buy. I would wait for the stock to either give a breakout confirmation above 310 or ideally I would wait for lower end of the channel around 225 odd levels for accumulation. Important levels have been discussed. Plan your trade accordingly. Take care & safe trading...!!! Trading view: At top end of the channel and near resistance zone. Will be closely monitoring 296-310 zone. My Trading strategy: Short strangle strategy Going with a Short strangle strategy having a yield potential of approximately 7.7% on Margin requirement. Loss protection - for a rise up to 328.50 on the upside and - for a fall up to 251.50 on the downside Review points for me, 310 on the upside and 268 on the lower side. Do follow your risk management measures. Disclaimer - The view expressed here is my personal view - Past performance is not a guarantee for future predictions - I have been wrong in the past and can be wrong again in future too - Use this for educational purpose - Any decision you take, you need to take responsibility for the same - It's your hard earned money. Treat it wisely - Trade / Invest keeping in mind your trading style, goals and objectives, time horizon & risk tolerance - if trading in F&O, understand that F&O trading involves risk - Do take proper risk management measures - Do your own analysis and consult your financial adviser if need be
NSE:CANBK
by indiamarketoutlook
Buy Today, Sell Tomorrow: CANBKDON'T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:00 pm every day - Book profits within the first 30 minutes of the market opening - Try to exit by taking 5-7% profit of each trade - SL can be taken when the 5/15 min candle closes below 44EMA - SL can also be maintained as 3% or closing below the low of the breakout candle The levels mentioned on the chart are calculated using the BREAKOUT INDICATOR Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall Inverted H&S Breakout in CANBK Buy Today, Sell Tomorrow: CANBK
NSE:CANBKLong
by Kapil-Mittal
1