Nagarjun0007

Nagarjun0007

The idea is to setup the charts in such a way to co-relate the price action with respect to key financial indicators. This is just an example, you can use set of indicators that you think are suitable to buy a stock or sell a stock if it is getting expensive.

Nagarjun0007 Updated 

Hello Friends, I am posting this idea to help investors to invest in Canara Bank. Multiple lines are drawn which will assist in taking future decisions on timing the investment via SIP. Time Horizon is 4 years. Dynamic shifting of SL or trailing SL according to progress also to be considered to protect loss.

Nagarjun0007

Downward Trendline which began in 2018 is finally broken with good volumes. Decent upside for a target of 148 and next 185 on cards in short to medium term with a stop at 118 on closing basis for short term positions.