Canara bank is trying to attempt a multiyear breakout at the level of 450-465. Moving in HH-HL pattern.
Re-Test levels will be around 400-410
After a huge spurt in volume have seen a volume accumulation and now showing a descent volume since last 4 months.
We have a Wave 1 and 2 completed and the Wave 2 has retraced Wave 1 by less than 100% which confirms the Wave 1 and 2 as a complete structure and indicates a beginning of the most awaited Wave 3
According to the Fibonacci golden ratios Price should achieve the 161.80% that is 1331.25 as shown in the chart as well.
Wait for the price to come into the...
Canara bank can give a very strong breakout with the strong buying volume in both day and weekly chart .
Buy Canara bank at 300
Target 315 330 340 380
Sl 280
I will wait for retracement on NSE:CANBK to take buy entry. Best level to take entry will be 293 with stop loss of 273 (-20 Points).
Will hold till targets of 314, 329, 345 & 375.
Note: This is my personal analysis, only for learning. Thanks.
Canara bank guve a very good breakout out of important resistance now we recommend to everyone to buy it .
Buy Canara bank at 252
Target 262 273 299.80
Sl 238
Long canara bank. Stock is on the verge of BO from the resistance level. Long above 245 once the BO of the area for the next target level of 270-280 . All important levels has been marked on the charts. RSI level above 60 showing bullish formations. This is for your educational purpose only.
The bank merged with Syndicate bank effective from 1st April 2020. Post merger, it became the 4th largest PSU bank in India.
Then its branch network increased by 4,000 branches and 4,500 ATMs.
Presently, the bank operates 10,500 branches and 13,000 ATMs across India. It also operates 5 international branches in overseas countries.
45% of its branches are located...
Canara bank stock has given breakout with good intensity of volume in both daily and weekly time frame, as the banking stocks started to pick up pace, canara bank's price action along with indicators had confirmed positive trend ahead,
on monthly basis it had made high then higher low, then higher high again higher low, and on weekly basis wave structure suggests...
