Luks lyk a BULL FLAG OR more or less like a DESCENDING TRAINGLE ....
Possible Bearish Dragon setup seen in Canara bank. Confirmation would be break of the thick blue dashed trend line. Red lines indicates possible targets. Pattern would be invalidated if the PA breaks past the upper trend line which is the pale blue dashed line. All the best!
Sell below 295, SL 306, target 260(spot) Buy above 317, SL 306, target 332, 338(spot)
In daily chart Canara bank is at the crucial support zone. It has also formed RSI positive divergence. Uptrend is not confirmed yet. Can expect the stock to move up in coming days. Happy Trading! in.tradingview.com
BSE:CANBK CMP - 272.6 Here, the RED ( resistance ) AND GREEN ( support ) lines hold importance . and I have drawn multiple trendlines to form sort of a trend fan, which will help you help take a position. Thanks.
Canara Taking support. If holds good move possible keep watch
CANARA Bank heading towards 290 as per chart...
Post this fall, Canara Bank is now entering an accumulation zone.One can start adding this stock now and at every dip till 230. once this turmoil is over this stock will again regain its price at 330 zone. SL will update later.
Cup formation on Canara Bank in 1hr chart. Trade: Buy above - 313.00 Target 1 - 315.50 Target 2 - 317.50 Stop Loss - 311.00 Reward Points - 4.50 Risk Points - 2.00 "Happy Trading"
Bullish flag pattern observed.... entry after flag breakout
Looking for Gap to be filled & retrace in (iv)th -wave. These counts can go wrong, so kindly use your basic analysis as well to confirm. There is a trendline which will be one of the clues to go short with stop above 318.85. Post breaking the trendline -sometimes it goes & touches the trendline but this time trendline will form a resistance for prices-that...
There is a harmonic setup on CANBK. Currently forming a contracting triangle pattern. An either side breakout is possible. Downside is likely if harmonic pattern is valid.