CANARA BANK- BREAKOUT TRADEBREAKOUT WITH GOOD VOLUMES. RSI BULLISH. TARGETS HAVE BEEN MENTIONED. MAINTAIN A STRICT STOP LOSS.
CANBK trade ideas
Canara bank trendline breakdownThis is an hourly time frame of CANARA BANK showing the clear breakdown of the trendline and today it also retested and started the continuation towards the downside. So it can be a good fall for upcoming days in Canara Bank. Please like the post if you agree with my idea.
Canara Bank-Value BuyCanara Bank posted good results this quarter but NPA's are very high. It's one of the better PSU banks. Currently trading below all key moving averages. It's for only value investors only who can hold for long time. This trade could be for 2-3 years(even more considering its PSU bank). One can allocate small capital after each resistance since there are plenty of them marked on the chart.
CANARA BANK Positional View !!!CANBK : cmp : 150.1
A long bullishcandle formed in d chart and able to close above resistance lvl 148 with high volume.
So we can expect for upmovement.
TGT 156/160/168
SL 141.5 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
Canara BankBullish candle with good volume support and RSI at 60 looks good.
Buy at 151/152
SL at 139
Target 168.50
CANBK, Gann level sustainedGood bounce seen after gann level sustained. RSI 59 showing strength. Camarilla R3 sustained. Trading above 20 ema.
#Canbk cash : Looks good above 148.50#Canbk cash -Positional for 15 days
05.05.2021
Looks good above 148.50
stoploss 135
Target 168-170
CMP 145.60
Canara BankCanara Bank (NSE Cash)
Can buy small qty
LTP: 144.95
Support: 143.95
Resistance: 147 / 152.45
Canara Bank - Clear Buy for investmentOne can buy Canara bank between 120-128
SL below 115
Targets 168-213-239+++
CANBKCanara bank has tested its important support level four times, So in today's trading session, this stock could give a good breakdown. If the share breaks 135 price level then we can expect a good downfall .
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Elliot wave Analysis # Bearish SequenceCANARA BANK
Bearish Scenario
60 Mins Chart (log scale) NSE:CANBK
