Canara Bank trade setupAll things are mention on the chart
Educational purposes. Non-advisory, discretional
CANBK trade ideas
CANARA BANK FINALLY BREAKS INTO OUR DESIRED RANGECANARA BANK FINALLY BREAKS INTO OUR DESIRED RANGE WHICH IS VISIBLE IN THE RECTANGLE PATTERN
SINCE THE RANGE MOVEMENT IS BACK IN PLACE AND THE PSU SECTOR IS SHOWING SIGNS OF MOMENTUM
WE ARE BULLISH IN CANARA BANK
BUT WOULD PREFER TO BUY ON DIP TOWARDS 215-213
TRADE VIEW
DEC FUT(26DEC)
BUY@213-215
STOP@210
TARGET 1@230
TARGET 2@245
LOT:2000
QTY:5
Long (4 Fold Income Scheme ) Investment This one is currently moving in aggressive manner on daily , and my forecast for this is it will make up to 900 or dividend will be issued before it makes to 900 in between
as 1: 1 basis
One can look for buying this on dip or CMP , add on dip in Cash for investment only
My investors have invested in this like 100000 now and ready to invest and they are looking an Exit time frame of 3 Years and income of 500000
( including dividend and bonus )
for small investors this would be grate income scheme , you can look to invest 10000 and sit on it and can collect nearly 50000 with in period of 3 Years which is far batter than any speculation methods or Bank Interests
One can look only for investment purpose so there will be good returns
Technical information :
Currently its an start of wave 3 which i am looking will be impulsive in nature and also can extend my current forecast
Good luck
CANARA BANK ( RESULT TODAY)CANBK RESUL TODAY
CHART GIVING BEARISH VIEW
RESULT MAY EFFECT AND DRAG CANBK DOWN TO 197-195 LEVELS
!!CANARA BANK ON THE WATCH!!TECHNO WATCH
CANARA BANK IS LOOKING GOOD FOR A POSITIONAL TRADE AS RSI HAS REVERSED FROM OVERSOLD ZONES WITH STRONG FORCE AND MACD IS ON THE VERGE OF A POSITIVE CROSSOVER
RESISTANCE IS NEAR 210-214 WERE ONCE TAKEN OUT WILL LEAD TO RE-ENTRY INTO THE CONSOLIDATION ZONE OF 213-293 SO GOOD POTENTIAL RETURNS AHEAD
!!WATCH OUT!!
!!FOR TRADE CALL!!
!!PLEASE NOTE TRADE WITH CAUTION AND AT YOUR OWN RISK PROFILE!!
!!PLEASE DON'T OVER TRADE!!
!!LIVE TO FIGHT ANOTHER DAY!!
!!HAPPY TRADING!!
BTST TRADE IN CANARA BANK !!(FUT)!!BTST IN CANBK
TRADE IN 29TH NOV FUTURES CONTRACT
BUY@200
STOP@197.5
TARGET@205
LOT:2000
QTY:2
NOTE:-
POSITIONAL TRADE WILL BE ACTIVE ONES THE RESISTANCE IS BROKEN
CANBK CASH : LOOKS GOOD ABOVE 202.10CANBK CASH
30 OCT 2019
LOOKS GOOD ABOVE 202.10
STOPLOSS 199
Tgt 206.50/210/218
CMP 200.05
CANARABANK Wave 4 in Progress Expecting Short term bounce after triangle break out . Looking for 200-210 levels.
SL for this setup 173.
mid term 160 levels should be accumulated for investment for 300+ levels in 1 year.
can bk buy at 188 sl 150 monthly time frame TL uptrend 300 targecan bk buy at 188 sl 150 monthly time frame TL uptrend 300 targe
CANBK NEW TARGETS CANBKKEEP THE LEVELS ON MIND 190 TO 191 WHICH NEEDS TO BE HOLD THEN ONLY 199/220 ON CARD
Sell on Rise One can look for short sell on rise in Futures contract , this one is giving the confirmation that its going down further
and this move will be slow compared to other movements in the past based on time factors
I am looking an target of 95 for this scrip
Look for proper set up
HOLDING THE SUPPORT 177. READY FOR 185/190/200 CANBKEVERYTHING MENTIONED ON CHART NOTHING TO EXPLAIN HERE NOW
WILL SHARE ANOTHER CHART ON CYPHER PATTERN
AND GUYS IF YOU THINK MY IDEAS ARE REALLY HELPFUL TO YOU PLEASE GIVE A THUMBS UP
TARGET 190+ CANBKKEEP STOP LOSS @174 CLOSING BASIS
QUICK TARGET COMING ON 190+
WHEN WE WILL GET CLOSING ABOVE 190 I WILL UPDATE NEW TARGETS
levels to watch on #CANARA BANK for long or short support and resistance lines for canara bank. if you want to short then wait for rejection and play the levels.
