CANBK trade ideas
canbankneed to watch this , below 240 levels , fast down move possible
1st support level will be 225
Rectangle Pattern !Canara Bank has formed a good Rectangle Pattern with alternate touches and good height. This simple pattern has broken the channel which could be used for a profitable trading. How to handle it please refer my earlier post
1. Enter on the breakout.
2, Enter on the pull back to the breakout level.
3. Enter after the pull back or retest of the breakout level is over.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Dont Sell it , it Might be Going up Look for Buying in Cash once the price makes 2 % above on closing basis on daily , it might look attractive for brake of low you can go Short , but the actual price action is saying different story , it might go for one more move up , for Futures traders wait till it tag 286 and then look for sell set up ,
Inverse Head & Shoulder ReversalChart has formed the Inverse Head & Shoulder Reversal pattern and gave breakout. It is already trading out of Regression Channel so downtrend in hourly charts seems to be over for time being. After breaking out it is retracing so one could use this pull back for a good entry. We can look for a target of above 260.
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Long One can Look for entering based on their trading style , this one is Going , it will be slow and trail your stop after price move away form the Buying level
333 in canbk ...!!? within next 2 months!i see that the stock has good chances of touching 333 in next 2 months!
Canara Bank - Long biasEven in today's sharp fall in Bank Nifty in last hour, this stock held on to its gain. Something cooking?
Inverse H&S pattern visible on charts...can move to 295-300 levels quickly (caution - Bank Nifty decline can change course)
CANBK Long setupCANBK is showing some strength now and if momentum stays then it will retrace back to previous levels soon
I would buy above 263 (close) for 272 and 285
SL as per Fib levels mentioned on the chart
Inside bar at the support here it is preparing for furthur fall. weekly and daily chart both are showing weakness, sell for the target of 221
My PredictiveEngine's Intraday call(08-May) - CANBK - LongBased on my PredictiveSystem's signals, today (08-May) its going to be a GREEN candle for NSE:CANBK
Buy above: 263.6
Target-1: 265.3
Target-2: 266.6
Target-3: 267.8
Stop loss: 261.1
Note: These calls are based on my own analysis. It may or may not work well for you. So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
Canara bank - Broken the resistance!Price action has broken the resistance. Sell below 278 with the stop loss of 282. Targets are 274, 270 and 267.
LONG CANBKI hope you can now see how CANBK CHART Pattern represents an excellent low risk profit entry setup allowing you to trade. Hence the low risk profit entry setup. You will also have seen with the correct price analysis you can determine your entry and exit with high levels of accuracy ensuring the risk/reward is always in your favour..
Thanks for reading ,Good Luck , Happy trading!
Disclaimer: It should not be assumed that the methods, techniques, or indicators presented in these CHART will be profitable or that they will not result in losses. There is no assurance that the strategies and methods presented will be successful for you. Past results are not necessarily indicative of future results. You should not trade with money that you cannot afford to lose. Examples presented in these CHART are for educational purposes only and it should not be assumed that these are indicative of ordinary trades. These setups are not solicitations of any order to buy or sell. Unlock Financial has no responsibility for your trading results. There is a high degree of risk in trading.
Next Possible Move Very Rarely they will move with out pull back , but here one can see the price has lost the momentum at Current level
It will likely pull back and reverse near 245 for another run till 315
Lets see how it unfolds
