CANARA BANKAs the stock is in bullish trend like SBI and INDIANBANK, the stock can touch its previous high 800 in the coming days, no weakness seen in the past volatile sessions, strong upmove is waiting in the stock.
CANBK trade ideas
Canara Bank on verge of breaking down inverted flag patternCanara Bank on verge of breaking down inverted flag pattern. On breakdown, one may consider shorting.
This is not an investment advice.
Canara Bank ready for profit booking On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early trade can be taken above or below 23.6 and safe trade can b taken above/ below 41% ..
Please note:-
It's working on news based and volitile market very well so exit if SL hit
Canara Bank - Long Setup, Move is ON...#CANBK trading above Resistance of 535
Next Resistance is at 661
Support is at 447
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
Bullish view of canara bank.Do your own analysis before entering this trade.
The candles got closed it's short above it's short term resistance line and in long term the candles broke it's channel pattern.
It might retrace the channel pattern for a support and might jump back.
Canara Bank - Long Setup, Move is ON...#CANBK trading above Resistance of 447
Next Resistance is at 535
Support is at 359
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
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.
INVERTED HEAD AND SHOULDER BO (CANBK)Stock gives breakout of inverse head and shoulder on weekly timeframe and later price retested its BO level.
CMP : 312
Target 1 : 417
Target 2 : 462
Stoploss : 256
This is not a buy or sell call, this analysis is shared for educational purpose.
A 7 month + battle rages on in Canara Bank The journey inside the parallel channel continues.. A breakout above 342 may open target for 415..stock is at important support level right now where fresh upmove has been denied since beginning of the year.. A stop loss of 319 on wcb is warranted if traders are taking position in anticipation of bullish bias
CANBK - GO LONGNot a buying, selling recommendation.
For educational purposes only.
#CANBK IS READY TO BUY LONG
- On Monthly Chart Showing
--- Trendline Breakout & Retest Done
Waiting Time 3-6 Months
Buy Small QTY
Long Above (Monthly Candle Close Required Above) - 390
SL - 345 (Weekly candle Low)
Target - 420, 450, 480 & More..
Thank you
Canara Bank : Long Resistance BreakoutThe stock in uptrend with higher high and lower low. In weekly chart , the price given a 9 month resistance breakout with bullish candle. Looking at the past pattern, short term target will be Rs 404 with stop loss at Rs 330. In higher time frame , long term resistance i.e., 7 year at Rs 463 and if given resistance breakout from that zone, potential long target will be at all time high.
The price above all key moving average.
Fundamental
P/E- 5.17; NIM- 3.05%; NPA- 1.57%; ROA - 0.99%; CASA- 31.08%; Promoter- 62.90%
Thanks
-aJ
Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.
Canara bankPrice is consolidating in the form of an ascending triangle. As per the pattern, the price have to give upside break out. But we will plan for fall also, so that we wont be surprised by the price movement.
Q3 result was good with 26.8 % net profit. Daily time frame shows price is taking trend line support.
Buy above 470 with the stop loss of 465 for the targets 475, 480, 485 and 490.
Sell below 458 with the stop loss of 463 for the targets 453, 448 and 442.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Canara Bank -Channel Pattern Dear Team,
As per my observation Channel Pattern is Breakout then a Good Momentum Trade .. and Good Swing trade will happens
Thanks
I am not sebi registered.
Canara BankCanara Bank is poised for an upward journey
towards 400 and above provided it gives a weekly close above 348-350.
Good consolidation is going on near the resistance since November 2022
Following it's journey patiently.
SL 288-289.
CANBK AnalysisHere's a sweet analysis of Canara Bank.
Here are the details-
CMP 458
Target- 484
Stoploss - 436
Amidst this highly overbought market, remember to strictly follow your stoploss and targets.
Canara Bank LongCanara Bank bullish as it is making higher high formation in 4hrs time frame with good volume , Swing target is 490 plus
Canara BankA confluence of the 2017 high and PF line at 463.70 makes this price very important.
On rejection of this, we can see a deep correction in the prices at least till 448 and 424 (long term)
On breakout of this resistance, I am buying the stock for a target of 484.40 as the immediate target and 520 in the longer term.
CANBK - Monthly Breakout - Great upside potentialMonthly breakout and retest completed in Canara Bank. Great 1:2+ Risk Reward. Great fundamentals.
CANARA BANK BULLISH VIEW FOR LONG TERM INVESTMENTHello Friends,
I am posting this idea to help investors to invest in Canara Bank. Multiple lines are drawn which will assist in taking future decisions on timing the investment via SIP.
Time Horizon is 4 years.
Dynamic shifting of SL or trailing SL according to progress also to be considered to protect loss.
Canara Bank this year targetBased on trend line, and fib level Canara bank looks like going towards 400 and 436 this year
CANARA BANK - Ready for a high jump#CANBK
CMP : ₹.403/-
Date 30-11-23
The third largest PSU bank among public sector banks with good quarterly results. Revenue & profits are increasing on QoQ basis with decent margin. Now it's in a breakout point . A6 year long round bottom have been completed and waiting for an explosion along with the breakout from triangular channel of 2 years old. Good point for accumulation now. Ready for high jump. Potential days are ahead. Expecting 50% movement within 3-6 months time. Stoploss @ ₹.375/-
Disclaimer : Post only for educational purpose. Not a buying / selling recommendation. This is only my personal view. I am not a SEBI registered analyst . Do your own analysis and act accordingly .
CANBK has a potential of 20% upside in near termCANBK is the only PSU bank stock which is trading at less than 5 PE despite posting 3rd highest profits in last 12M.
I see a lot of potential in PSU bank stocks in long term. Will be investing across PSU banks. Finance sector acts as a beta when nifty makes new highs. So betting on Finance stocks especially PSU banks.
Based on SMC concept, Breakout has happened and likely to touch next level resistance which is 20% upside. CWH also can be drawn with same target. Handle is under formation. Range bound trading strategy also supports this target.
