On Our Harmonic pattern indicator based trade setup take trade as explained below :-
Early trades Buy or sell below/ above 23.6 %, safe trades buy or sell above / below 41% , after taking trade next upside or downside levels will be target ,
When reverse buy or sell signal appear then book profit on Target or trail SL to 23.6 % If trailing SL hit then early...
1. This is not a highly volatile stock. Usually, it takes more time to break the resistance level. But, As per previous data when the stock break the resistance level it went to 60 points and
trade around that particular price range for 4 to 6 months.
Eg)
1. 22 Dec 2020 break the resistance level and went to 108 to 158 - 50 points
2. 27 Sep 2021 break the...
Strong breakout of multiyear resistance area
Now price resting on resistance level
Other stocks in this sector are also performing well
Took 40% position
Will add more as it unfolds
This is a short term - Medium term bet
CANBK Chart Analysis.......04/08/23
Canbk Long above 332.50
Sl - 323
Target - 340 / 346 / 350 / 385
Enjoy !
Note : As you will see on the chart a Bullish Harami Cross Candlestick Pattern is forming.
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...
Canbk is a stock that has been showing signs of a breakout. The stock has been in an uptrend for the past few months, and it has recently broken out above a key resistance level. This is a bullish signal, and it suggests that the stock is likely to continue to rise in the near future.
The whole Banking sector is making highs we need to keep a few scripts in...
Price action shows a breakout in the monthly chart. Take small positions above 338. keep a strict stop loss around 315.
Results of the bank to come soon. Expect volatility.
Disclaimer: Do your own due diligence. Happy Learning.
Canera Bank
Time frame = Day
Pattern = Flag
Type Bearish
iT'S Risky Trade Small Stoploss And Big Target
Sell = 327.10
Stoploss= 342.25
Target 1 = 281.70
Target 2 = 237.20
Canara bank is all set for positive momentum for its upward journey the reason is obvious because of the following facts:
Fundamental Facts
1. Positive quarterly growth in comparison with Yoy
2. Quarterly EBITDA growth is also quite aggressive
Technical facts
1. If it sustains the level of 343 on upside for a week then upside levels will be 384 to 394 to 427.
