CANBK T2 Hit, trail nowNSE:CANBK
#NSE:CANBK shared @ 250 now trading @ 270 which is 8%, Trail now or book partial profits.
Share your profit screenshots.
Details in my signature column.
CANBK trade ideas
CANARA BANK (SHORT)Canara bank at weekly supply. Minor structure shift inside weekly supply. Entry at the 50% of the 4hr supply. Only for educational purpose !!!!
CNBKRSI shows diversion. Entering below 50.
Entry after 248.60 break .
Entry:- 248.60
Downside Supports can become our targets.
Targets :- 244.80 , 240.70 , 235.00.
SL :- 252.70 Resistance zone / day high .
What Type of Charts/Picks u want ?NSE:CANBK
Sharing levels on regular basis, keeps on my followers increasing and the messages too.
But when i see the boosting (LIkes) not able to see upto the mark.
Kindly let me understand what type of charts you guys are expecting from me, are my charts useful for your trades/study ?
let me know your views....
Based on your replies will try to refine the picks or analysis as per need. Expecting promt reply if my charts were useful, else kindly ignore and check this chart too....
canbank - buycash trade buy @ 226
keeping stop @ 221
looking for target 231-240
disclaimer - trade @ own risk
Canara Bank SHORTElliot Wave Count:
Fall from Feb 2022 highs is in 3 Wave as ABC which is (W)
Rise is an (X) Wave with Lot of Overlapping, Falling Volumes and a Bearish RSI Divergence
Now Wave (Y) on the Downside is playing out
Downside Targets:
T1= 195
T2= 180
T3= 155
Stop Loss above 241
Canara Bank Long TradeHi guys we will buy Canara Bank because it has fallen quite a lot after the crash and has stabilized a little bit and if we look at the Us and
the India markets they are looking bullish so Canara Bank will also show signs of bullishness and it would be pretty good trade.
That's all make sure to follow and like
Bye
CANBKSTock is bouncing from the demand zone. Risk reward looks good with this trade. Maintain strict SL below the demand zoze.
CANBK tetsting long term restistance trendlinechart pattern suggest, ready for long term trendline breakout.
a breakout at trendline will bring in potential upside of 70-90% upside.
250 level is going to be crucial level,
on weekly chart price consolidated between 220 to 240 for 6 weeks. potential breakout will bring good returns in short term.
keep it on radar.
CANARABANK BULLISH VIEWtechnically canarabank is given bullish signal to take long view...
broken trendline
comeback to the keystructural zone..
fundamentally very good stock.. based on results
CANARA BANK Channel breakout in canara bank along with some consolidation ,expecting some good upside move .....
CANBKNSE:CANBK
One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
Close should be good, and Clean.
R:R ratio should be 1 :2 .
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
CANBK Short Stock could slide down to the plotted levels at the break of amber plot
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
CANARA BANKHello and welcome to this analysis
Like all PSU Banks saw a very good 2021 in terms of price performance thereafter in 2022 it went into a correction mode in line with market trend. The structure of the fall as can be seen in the chart is of a slanting channel currently.
If it manages to break above 235 then 244 is the 1st line of resistance, above that 255 is where it has not one (Bearish ABCD) but two (Bearish Alt Shark) have a PRZ. The trend might see a pullback/consolidation there. Once it manages to break that resistance then above 295 it has a doubler breakout target waiting in the weekly time frame.
On the other hand, if it respects the slanting channel resistance then breaking below 219 it could retest 210-190-170
Invest wisely!
Canara bank Ichimoku support + wave 5canara Bank has retraced from highs of 222 around. Now Can see taking support at .382 % also cloud support here..
Minimum target will be 222 that can extend to 234
Stop loss should be around 201
Canara Bank Cmp 229 dated 22-7-2022Canara Bank Cmp 229 dated 22-7-2022
1. Rectangle BO @227
2. Doji Candle on chart.
Buy above 332 for a tgt of 237-252-260-275 SL 217
It is just a view, pls trade at your own risk.
canara bank- long target 236 - stops 216swing call canara bank looking for target of 236 and stoploos 216 closing basis on day entry between 220 , 219 high volume breakout and sector is improving
added chart for education purpose
YR 2022 Idea #82: Long on CANBKThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
