Cup and handle on Canara BankCup and Handle formation on Canara Bank and wait to break the top of the cup.
Trade:
Buy - 364.50
Target 1 - 367.50
Target 2 - 370.50
Stop loss - 360.50
CANBK trade ideas
Canara Bank HEADED TOWARDS 400 ZONES Canara Bank canara bank RETRACED from 61.8 % Fibonacci Levels managed to close above 38.2 % . Moreover crossed its supply zone indicated in blue rectangular box in the Chart . Managed to take the support from 50 day Moving Average .
Canara Bank Possible Reversal Price Zone The stock Looks very Attractive (deceptive) when seen on weekly or daily , but true face of the stock is very much visible on Monthly chart
Higher price rejection and strong bearish momentum is visible , even though the stock is rising , but how far it can go , when you have institutional selling their stocks to armatures , you want to buy now ?? rather selling on high ?? ,
Proverb :
" A Fool in hurry drinks tea with chop sticks "
Regards
CANARA BANK - BULLISH MOVECanara Bank has shown good bullish move in 4 hour HA candle and price is above 200 SMA. One can buy above 245, with target 265 which is also the resistance and SL around 225
Long Trendline on canbkLong Trendline lying on canara bank and need to wait for breakout.
Trade:
Buy above - 348.75
Target 1 - 356.00
Target 2 - 364.00
Stop loss - 339.00
Bulls are BackCanara bank can retest it lost glory, one can go long for target of 350 & 360. SL. 335.
Potential Bearish BAT (SWING SHORT SETUP)Hi,
A Potential bearish harmonic bat near completion on 15 min chart in confluence of trend line resistance.
Note : MACD 4C giving bearish divergence.
Trade levels as follows.
Entry (Price Reversal Zone) : 354
TP1 : 337.4 (38.2%)
TP1 : 330 (61.8%)
Stop loss : 359.5 or higher
Always watch price action before making entry ( for a better risk/reward ratio)
Trade with care
Gulz.
Canara Bank - Cup & Handle formation!As per my analysis yesterday price action has formed rounding bottom today and in addition with it forming a handle. Yes, a cup and handle formation is in process.Volume is rising on the handle formation. We can enter when the price breaks cup and handle formation. Buy above 339 with the stoploss of 336. Targets are 342, 345 and 347.
Canara Bank - June 29 Day Trade!Price action is forming a rounding bottom. Buy above 329 with the stoploss of 326. Targets are 332, 335 and 338. Sell below 326 with the stoploss of 329. Targets are 323, 320 and 316. Trading rules.for "Vanathi Waves" 1. Enter trade after seeing price action for 15 mins. 2. If you are bullish wait for the price action to give entry for long. 3. If you are bearish , wait for the price action to give entry for short. 4. Dont enter trade if there is no clear buy/sell signal. 5. Enter when price action breaks 15 mins high/low.
CANARA BANKstock has broken the triangle
one can look into this stock at current levels
for target towards 335/330
sl 349
As there is breakout of pattern,we may short sellAs there is breakout of the pattern its time for short sell,i just takes decision once the market is started.
As once the market starts moveing downward we may opt for short sell till it reaches support line.
Canara Bank short for dayI am looking to sell on Open or sell on rise with stop of 357 for Target of 347
Risk to reward is not good in this trade
This information is only for Education not to be treated as Advise for buy or sell
Regards
Canara Bank Sell on rise I am looking to sell at 351/352 with stop of 354 for Target of 342/340
this set up is only for day trading
This information is only for educational
Regards
Canara Bank - June 9 Day Trade!Buy above 362 with the stoploss of 359. Targets are 365, 368 and 371. Sell below 358.5 with the stoploss of 361. Targets are 356, 353 and 350. Intraday calls depend on the market opening. Analyse and follow your trading plan always. This trade is valid for June 9, 2017 only.
CANARA BANKstock underwent correction
now trading sideways
one can look into this stock above 365
for target towards 369/372/376
sl based on individual trader
CANBK bounce from support CANBK price action bounce from the support zone, one can add at the 355/360 for target 403/458 stop loss below 345
