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...
CANBANK: 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...
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 FINALLY BREAKS INTO OUR DESIRED RANGE WHICH IS VISIBLE IN THE RECTANGLE PATTERN
SINCE THE RANGE MOVEMENT IS BACK IN PLACE AND THE PSU SECTOR IS SHOWING SIGNS OF MOMENTUM
WE ARE BULLISH IN CANARA BANK
BUT WOULD PREFER TO BUY ON DIP TOWARDS 215-213
TRADE VIEW
DEC...
Key Levels for CANBK are : t.me - JOIN TELEGRAM CHANNEL
Upper Breakout~224
First Target~226.20
Interim Resistance~228
Final Resistance~229.30
**Lower Levels**
Lower Breakout~221.60
First Target~220.50
Interim Support~219.30
Final Support~217.80
Please trade with caution and consult your financial adviser before trading. You can also...
This one is currently moving in aggressive manner on daily , and my forecast for this is it will make up to 900 or dividend will be issued before it makes to 900 in between
as 1: 1 basis
One can look for buying this on dip or CMP , add on dip in Cash for investment only
My investors have invested in this like 100000 now and ready to invest and they are...
BTST IN CANBK
TRADE IN 29TH NOV FUTURES CONTRACT
BUY@200
STOP@197.5
TARGET@205
LOT:2000
QTY:2
NOTE:-
POSITIONAL TRADE WILL BE ACTIVE ONES THE RESISTANCE IS BROKEN
Canara Bank engages in the provision of commercial banking and financial services. It operates through the following segments: Treasury Operations, Retail Banking Operations, Wholesale Banking Operations, Life Insurance Operation, and Other Banking Operations. The company was founded by Ammembal Subba Rao Pai on July 1, 1906 and is headquartered in Bangalore, India.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
CANBK
