Canara Bank breakout levelCanara Bank is very close to its breakout zone and is flirting with it. If it can cross its 50 dma successfully it can make a rush to new 52 wk high
CANBK trade ideas
Canara bank please refer the chart .
short opportunity suits here based on rsi
checked in 3 Time frames 1hr , 2hr, 3 hr clear picture for me is here so posting this.
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Watch out for Canara BankWhile the banking sector has not been doing well but Canara bank is one of those who has been out performing both index and sector over period of last 4-6 months and the stock is available at 15% discount price from the recent high it made in Nov-21. I would wait for the entry for closing to be above yesterdays candle and stop loss below 198.
Also if you look at two hour chart will notice it has started making higher high and and as second confirmation look at OBV you would find the divergence
Canara Bank - Forming double bottom in daily chartLooking good @cmp 208..
Forming double bottom in daily chart
canara bank longcanara bank in weekly timeframe broke over 200ma and then getting support at 20 and 200 ma
CANARA BANK A shooting star Formation Can be seen on Daily Chart on Canara Bank. An early trend Downward can be seen till 194.10 and further if it touches the Blue Trend Line, we can expect a greater fall. Stoploss can be at 210.65.
Canara Bank can be in for a downward trend.
Will wait and watch before making an investment. If at all anyone want to enter at present it should be on Short Side.
Assessment is for Educational purposes and the author is not responsible for any Financial Loss you incur.
canara bank head & shoulder pattern breakoutcanara bank 30 min TF HnS pattern Breakout
tomorrow after a red candle form we can go for short (intraday)
Canara Bank (Daily) - Flag Breakout Canara Bank (Daily) - Flag Breakout
Seems to have entered the 5th wave after the end of 4th wave flag / triangle
RSI is above 60
Stochastic 14,3,3 is in positive crossover
+DI is above the -DI in the Directional Movement Index (DMI)
It will be ideal to wait for the ADX to become uptick as well before going in in this though its value is above 15
On the weekly tide too, it is showing a buying signal
Target 270.45
Canara Bank Daily Chart Analysis 12.12.2021CANARA BANK as per daily chart analysis once the stock breaks resistance 222 above 226 level for a target 240 level.
Sector wise stock AnalysisSector wise stock Analysis. Learn the reasoning behind my stock selection...
Buy at 220 SL 217 TGT 224 and 227Suggestions are based on my analysis only. Please do your analysis before taking any trade.
Canara Bank#CANBK
Bullish Harami followed by Bullish Engulfing, showing strength as the Bulls taking control.
Fib retracement from 50%
Target: 245
SL : 208 DCB
Canara Bank Daily Chart Analysis 01.12.2021CANARA BANK as per daily chart analysis today the stock has broken the consolidation zone and above 207 level then the target 214 is achievable.
Target AchievedNSE:CANBK
Target Reached
Gain around 24% in 19 days
Got the target even in a bearish market
Just follow the process
Canara Bank Daily Chart Analysis 26.11.2021CANARA BANK as per daily chart analysis has broken the trendline and back into the consolidation zone and it has a support at 191 and 184 level and from here the stock should once again consolidate for the further reversal. If it breaks the consolidation level then the next support is at 171 level.However one can see a fresh buying opportunity only after full correction completed.
Canara Bank Daily Chart Analysis 25.11.2021Canara Bank as per daily chart analysis today it has formed an Bullish Hammer Candle and the stock should break out on 29th nov 21. So lets see which side it breaks out. Happy Trading to all.
Canara Bank Monthly Chart Analysis 23.11.2021Canara Bank as per monthly chart pattern analysis from bearish inverted hammer candle today had turned into bullish gravestone doji and hopefully if the market is reversed after todays bull run then the stock from december onwards should move uptrend. Holding the stock and happy trading to all.
canarabanktrend is bullish
did 38.2% retracement after upmove started from 142 odd levels
in 4 hr timeframe it is at cloud top support.
making morning start
if we close above 216 we will see good upside.
Canara Bank buy on dips upto 116 SL 107Canara Bank has given a 6 months range breakout, can go long for the below targets for medium term.
T1: 149
T2: 216
Stoploss: 107
canara bank monthly chart analysisCanara Bank as per monthly chart analysis now the stock has formed an inverted hammer candle and once the stock consolidates and breaks 312 level then its multi year breakout and target 400 level
CANARA BANK,,,, perfect price action, and movementprice action, volume buildup and BREAKOUT
ALL indicators are showing the same
CanBk Buy 212-215 for target of 226/234Canara bank CMP 222.05 is currently at a monthly support. If it falls further down, there is a good buy opportunity at 212-215 range for a target of 226/234. Stop loss will be 206.
NSE:CANBK
