I DONT WANT TO GIVE YOU THE RATES TO ENTRY OR EXIT BECAUSE I WANT YOU TO LEARN AND MASTERISE, I AM GOING TO GIVE YOU KEY HINTS AND YOU THINK, ANALYSE, JUDGE AND COMMENT YOUR OPINION.
PRIMARILY,
1. THE PICTURE CLEARLY SHOWS BEARISH IN DAY TREND, SO GO FOR SELL OPPORTUNITY WHICH WILL BENEFITS A LOT.
2. THE REVERSE HAMMER IS A GOOD SIGN OF BEARISH AN ADDITIONAL...
CANBK formed ABCD monthly view once touch b point then we can go for buy 155 area for long target 385 or 402 long position just share knowledge only risk and profit yourself
TRIANGULAR SHAPE BOTH IN DAY CANDLE AND 15 MINUTE CANDLE, TREND SEEMS TO BE DOWN ACCORDING TO PRICE ACTION SO ITS GOOD TO TAKE SELL SIDE IF OPPORTUNITY APPEARS
Interesting new product being offered by them should see a lot of people buying into it ..
This looks like a very good place to add or start a new long term position.
I would go all in and not dollar cost average this trade if i were to be going in long term .
Cheers!
Looking bullish with the cross .. shall put this on the watch list solely cause its almost at rock bottom and we need some big moves from this.
No idea how the bank is doing financially but technically looking to play out nicely over the next weeks..
94.50 would be nice to long on max leverage with a .25% SL and big size ..
Going to post a Monthly graph to...
News: Canara Bank cut MCLR while BoD to consider fund raising on 10 July
#CanaraBank #CANBK is moving between 20EMA as support and 100EMA as resistance. After touching 100EMA on 24th June 2020 stock shown bearish move but after yesterday news stock received High volume. Till 10 July BoD meeting, stock will show +ve sentiments.
Aggresive New long buildup can see....
Here you can see guys canara bank facing resistance and after it takes support over the same resistance But now i straining CANARABANK for longposition.
Right now bank nifty in bearish mode. Except HDFC Bank. If trend changing once cross @ ema 200 then you can take the long position. Trendline already broken & waiting for Resistance line & Waiting for ichimoku cloud confirmation. Stoploss/Target & Entry point given in the chart.
DESCENDING TREND LINE
its weekly chart is showing downtrend from past 2 years so to go with the swing always try to short this below its trendline where it find resistance
Looking to Short Term Trading View on Canara Bank it can be seen that there is breakdown on 30 Minute candle which is sign of Shorting the stock for short term point of view.
One can put Stop Loss on Upper Trendline and can continue in Trade.
