CANBK trade ideas
Canara BankPrice is in side ways movement.
If it's break out it possitive, go for long. if it's break out is negtive, go for short.
Canara Bank Wide Range ConsolidationConsolidations happen either during trending market phases or before a new trend. There are different consolidation patterns as we will see later: sideways ranges, wedges, double/triple tops or triangle shaped consolidations, just to name a few.
All consolidations represent a period in which the markets pause, where indecision about the next price move exist and where traders position themselves for the next move. Consolidation periods are necessary for accumulation and distribution as well because the “big” players use those to get into their larger positions
Canara Bank - W pattern formationFor educational purpose only.
W pattern is on the verge of making. Double bottom formation. Can move from 275 to 300. If it comes down it may come at 0.5 line (fibonacci levels).
