CANBK trade ideas
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 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 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.
CANARA BANK,,,, perfect price action, and movementprice action, volume buildup and BREAKOUT
ALL indicators are showing the same
0
Canara Bank - Ripe to ride the momentum - Weekly ChartScrip: Canara Bank
Setup : Price at 52 week high, Chikou in open area, Ride the momentum for quick 10%-20% gains
Entry : 185 - 195
Target - 225-228 range (20% gains)
Stoploss: This is positional trade and determination of Stoploss should be based on ones risk profile.
150 should be good zone to add more to the position.
Please note: I am not a SEBI registered Financial Advisor or Analyst. Please trade and invest based on your knowledge and Risk Profile.
Canara bank swing setupIn live market cannot describe much
Canara bank has broken its previous supply zone which is now a huge demand zone and also a Harmonic half bat pattern
Buy at current levels @175 stop loss @170
Targeting 30% as first target as its a major breakout
Will not keep SL personally will keep adding at dips
NSE:CANBK
Canara Bank " up to 23% gains "Hi Traders/Investors,
This is a Swing/Positional Trade.
I can see a possible bullish momentum can still occur in Canara Bank in upcoming period because of,
1) Breakout and Retest of symmetrical triangle pattern .
2) Increase in Volumes in recent times.
3) Breakout of Resistance level ( approx. from 2 years ) with High volumes, as Longer the resistance holds and breaks stronger the move it makes.
4) RSI indicator taking support at 60 and moving upside.
Entry : 240-245 levels
Stop loss : 228
Target : 300
Giving a Risk to Reward of 1:3.5 and Returns up to 23%.
Please don't make any decision solely based on this analysis.
Give a thumbs up if you liked this analysis as this requires deep research.