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CANARA BANK

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CANBK trade ideas

[POSITIONAL] CANBK LONG BET risk: Reward ratio is 1: 2 Rest as per Charts ******** Note - One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all. ======= I use shorthands for my trades. “Positional” - means You can carry these positions and I do not see sharp volatility ahead. “Intraday” -means You must close this position at any cost by the end of the day. ======= Always follow a stop loss. In the case of Intraday trades, it is mostly the “Low/High of the Candle”. In the case of Positional trades, it is mostly the previous swings ********
NSE:CANBKLong
by Palkesh_Agrawal
Canara Bank to continue its bull runFalling Wedge Breakout, supported by superb volumes. Clear RSI divergence at lower end of the falling wedge. Falling is a good bullish patter. RSI Divergence at lower end of pattern, increases the probability of pattern to work out. If you accommodate more candles another wedge is developing and it is available at lower end of the pattern. RSI Divergence shows that chances of breakdown are less. Combined Reading of all factors shows a bullish move is on the cards.
NSE:CANBKLong
by varadtambolkar
4
PSU Bank BreakoutStock is moving with Higher Low's. Ascending Triangular Pattern breakout confirm on Weekly chart's. Breakout candle is very strong. MACD supportive to breakout. MACD Indicated Positive crossover too along with Sharp Uptick in RSI. RSI comfortably staying above 60. One can see consolidation near 50-60 zone too. Stock has given breakout with Strong Volume Rise. PSU BANK INDEX chart too indicating breakout is near. Buy this stock with long term/ Medium term swing prospective. Weekly closing above 200DEMA level, may trigger next leg of Rise. Not giving any target's. Stop-Loss can be weekly closing below 50DEMA or 148-150 level's. Keep adding this stock in Pull Back's.
NSE:CANBKLong
by ad11patankar
Triangle Breakout - FII/DII InvestingCanara Bank has a strong PE ratio advantage followed by increasing stake of Institutional Investors in Sept Quarter It recently broke out of its Traingle Pattern and has shown some upside. I recommend buy on dips and hold for gains in mid to long term. The P/B Ratio is below 1 and there is less risk involved comparitively as PE ratio is also half of that of peers. A strong quarterly result can also boost the share price, it might to interesting to see if a pullback from such RSI comes soon. Note: This is only for Educational Purposes. Please do your due diligence before taking a trade position. Keep Learning :)
NSE:CANBKEducation
by Aayush_Rungta
Canara Bank Long Term with Cup & Handle BreakoutCanara Bank is trading at a very attractive price with good future forcast. Buy & Hold at CMP 193+ (We bought at 175) SL 125 Target 275 Fundamental Snippets : Market Cap - ₹ 35,112 Cr. Current Price - ₹ 194 High / Low - ₹ 195 / 84.4 Stock P/E - 9.63 Book Value - ₹ 344 Dividend Yield - 0.00 % ROCE - 5.35 % ROE - 5.58 % Face Value - ₹ 10.0 Debt to equity - 17.0 Price to book value - 0.56 PEG Ratio - 0.38 Promoter holding - 62.9 % Change in Prom Hold - -6.40 % Working capital - ₹ 176,743 Cr. WC Days - -11.0 EVEBITDA - 18.6 Current ratio - 4.19 Quick ratio - 4.19 CWIP - ₹ 2.34 Cr. CMP / FCF - 1.50 Enterprise Value - ₹ 917,244 Cr. EPS - ₹ 22.5 EPS Prev Qtr - ₹ 7.26 EPS PY Qtr - ₹ 3.29 EPS preceding year - ₹ -19.3
NSE:CANBKLong
by Aishwarya_Jain
1