One can look for short sell on rise in Futures contract , this one is giving the confirmation that its going down further
and this move will be slow compared to other movements in the past based on time factors
I am looking an target of 95 for this scrip
Look for proper set up
CANBK
ye psu bank may be kal news ke bad downfall dikha skta hain
focus on red line and blue line wait till one of them breaches till no trade zone...
play it with by watching major index and psu's performance.
#KDsFirM
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
We 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 Ltd. is an India-based bank. The Bank's segments include Treasury Operations, Retail Banking Operations, Wholesale Banking Operations and Other Banking Operations. The Bank provides personal banking, corporate banking, non-resident Indians banking, Internet banking, and micro, small and medium enterprises (MSME) banking services. Its retail lending operations include education loans and vehicle loans. Its other services include merchant banking; depository services; executor, trustee and taxation services, and online payment services. It handles various government business products consisting of direct and indirect tax collections; payment of pensions of Central Government and State Government; handling of postal transactions and State Government treasury transactions; public provident fund scheme and senior citizens' saving scheme, and issue of inflation indexed bonds of Reserve Bank of India. It has approximately 5,850 branches, including over eight overseas branches.
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CANBK
