Traders, spotlight on Canara Bank! 🌟 In the 1-hour timeframe, it's riding within a parallel channel, touching support and bouncing back. 🔄 Now's the time for long positions, with moving averages backing us up. Keep SL below 530. Let's profit together! 💼
PSU banks have been making headlines recently as their stocks have been rising consistently. One particular PSU stock that has garnered attention in the last two weeks is CANBK. It is currently trading near its all-time high and has been showing potential growth over the past couple of months. Investors who prioritize risk and return ratios may consider this stock...
NSE:CANBK
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss,...
After Sunny Deol in Damini, CanBk is facing Resistance pe Resistance, Resistance pe Resistance, Resistance pe Resistance...
Breakout nahi milta,
Milti hai to sirf Resistance.
Kya iss baar CanBk to milega breakout?
Dekhte hai agle hafte mein 😎
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.
Canara bank is giving a positive sign in a storm before silent manner. Forming a inside bar with consolidation breakout and retrace.
PS: Little risk trade
Entry - 336.7
Target - 430.5
Stoploss - 285.5
continuoe closing with good volume. in last trading session stock was give brakeout with good volume, if stock will cross 416 price, upside maybe near 10%
CANARA BANK DAILY CHART
Cmp 333.70 Breakout @ 342 Target 436
Time to keep an eye on. The levels are self-explanatory.
Its only an observation & not any suggestion.
💥Canara Bank💥-Nice Breakout
Capital to be deployed- 20k
Investing Price-424
Breakout Price-424
Stoploss-363
Targets-653
RT for max reach
#canarabank #stockstowatch #StocksToBuy #StocksInFocus #stocks #StockMarket
NSE:CANBK
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss,...
Canara Bank touched a convergence of a support and a rising trendline, a reversal done, and a breakout above the short-term falling trendline, but today it failed to cross the previous high, and following the resistance, it cooled off a bit. But looking at the candles of the last Days, we may expect it to breakout and move higher. My Expectations for Targets 416...
