Canara Bank BullishCanara Bank looking good in daily
concentrate if price sustain above 240 in daily
CANBK trade ideas
CANARA BANK -- TRENDLINE BREAKOUTCANARA BANK --DAILY CHART - TRENDLINE BREAKOUT .
1. Trendline breakout seen on daily chart as bank nifty seen bullish trend and can outperform in next few session
2. Stock will be good uptrend momentum from this level since RSI moving above 60 level
3. HULL moving avg seen bullish at current level
4. MACD bullish
BUY CANARA BANK @ 239
TARGET 260-280
STOP LOSS 190
** IDEA IS FOR EDUCATIONAL PURPOSE ..
HAPPY TRADING. !!
Canara Bank in a Big Bullish Wolf Wave, BUY on DIPS After the big down trend, there has been recent buying interest in PSU banks space. This buying technically has created a BIG BULLISH wolf wave.
The counters have run far too much for now, wait for dips and start accumulating on every big dips. Investment stop loss is close below INR 80. Let it cool off a bit an then start buying near INR 100, targets can be INR 200+
Canara Bank based on failed retest level for Long and Short _ WThe price failed form retest level of Rs 232 i.e. resistance level in weekly time.
The analysis based on simple downtrend , upward trend , cup & handle , moving average , parallel channel , resistance breakout with volume , retest of price and Fibonacci (explained in chart)
Enter for potential upside of 20% - 50% from curre1nt level with stop loss below Rs 190.
For short, EMA 200 (Rs 194) and golden fib level will hold as key support level, violation will give a short opportunity for target of Rs 175.
Thanks
Retest with Bullish engulfing !!!The stock gave retest and creates bullish engulfing .
Short term target will be272.
this is only for educational purpose, do your own analyze before trade !!!
Canara bank long Breakout retest possible buy around 246-250
Target 270/285
Stop loss 238
All levels mention on charts
Canara Bank Cmp 258.10 dated 7-2-2022 SELLCanara Bank Cmp 258.10 dated 7-2-2022
1. Trendline Breakdown below @ 258
Sell for a tgt of 245-238-220 SL 275
It is just a view, pls trade at your own risk.
Breakout in Canara Bank...Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Successful trader trailing stoploss part the trading profit fullSuccessful trader trailing stoploss part the trading profit full
257 tralling stoploss. And hit stoploss .
And buy back ree entry 252 stoploss 228
Target 289 .
Hit tralling stoploss and book profit
Ree entry and successful trade and tralling stoploss mange you profit
canara bank monthly time frame analysisPrice started with month demand zone which rally base rally demand zone.
CANBK analysis on monthly time frame.
1st target 360 after crossing SZ1
2st target 583 after crossing SZ2
3st target 705 after crossing SZ3
Chart on Canara BankChart on Canara Bank
CMP @ 264.95
Short Term Target @ 222.00
Professional Target @ 245.15.00
Long Term Target @ 270.45.00
Average @ 205
I am expecting Canara bank to take support between 205 to 195 and move up. If it moves above 235 we can expect it to achieve professional target before next earning result.
Disclaimer Caution: WE ARE NOT SEBI REGISTERED ANALYST. Before taking any positions, please contact your financial advisor. We are not responsible for any of your "PROFITS" or "LOSSES". Whatever we are providing here is the purely educational and informational point of view.
Multi year breakout with Head&Shoulders pattern in CANARA BANK Looks like CANARA BANK is going to give multi year trendline breakout(2010-2017-2022). It also formed inverted head and shoulders pattern. Banks are also posting good results , if budget(01-02-2022) is positive we can see breakout soon.
Target according Head and shoulders length
Target1 : 251
Target2 :261
MACD : Positive
Canara Bank - Head and Shoulder Pattern - BullishCanara bank forming inverted head and shoulder pattern on hourly chart.
All the levels are given on the chart.
Disclaimer: All the levels are for educational purpose.
Bullish on Canara BankCanara Bank looks good for short term gains
Target 300
CMP 268
Taking Support on 100 EMA
Good Uptrend
Canara Bank today morning market trade I am beginner trade successfully trade canrara bank expect my trade idea . I am not advice .
I am expect success Trade canara bank .
I am Target expect 11 Feb 22 . Me expected.
Canara Bank retest Canara Bank retest 245 again buy opportunity .
I am no advice . I am test beginner experience.
Stoploss 228 Target 289
Not hardly amount safe trade success fully trade knowledge again trade.
Canara Bank - 200MEMAThe final move to break into a complete positive trend. Canara Bank above 256 could break the 200MEMA + downward sloping trendline resistance which has been there since 2010.
Above that the stock could go to 300/305 quickly.
I believe the entire PSU bank space is due a rerating because of low valuations + profit increases from lower than previous provisions + higher recoveries.
CANBANKNSE:CANBK
Today's Institutional zones combined with price action. there are most stocks which is respected the levels, we have updated few for reference.
