LONGDouble bottom done, positive RSI divergence visible. current price is at resistance. once crossed with positive volume, then it may move north.
CANBK trade ideas
JUST DO NOT MISS THIS STOCK - CANARABANK LTDEverything is pretty much explained in the picture itself.
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LONGTriangle beak out/ break out from trend line, may the line act as support zone. Volume buzz seen. expected to go up anticipating good results.
Will Canara Bank Break Out Due to Its Strong Performance?Canara Bank has shown solid momentum recently, leaving traders wondering: Is a breakout on the horizon? With the stock exhibiting strength, key resistance levels are being tested. The question now is, will the stock push through and initiate a breakout, or will it face rejection at this crucial point?
What do you think? Can Canara Bank’s recent performance trigger the next big move, or is a pullback in sight? Let us know your thoughts!
Canara Bank can become a cool Investment. Canara Bank engages in the provision of commercial banking and financial services. It operates through the following segments: Treasury, Corporate or Wholesale Banking, Retail Banking, and Other Banking Business.
Canara Bank CMP is 109.30. The positive aspects of the company are cheap Valuation (P.E. = 6.3), Company with Zero Promoter Pledge, Mutual Funds Increased Shareholding over the Past Two Months, Dividend yield greater than sector dividend yield, Annual Profit Growth higher than Sector Profit Growth and Rising Net Cash Flow and Cash from Operating activity. The Negative aspects of the company are High Interest Payments Compared to Earnings, Stocks Underperforming their Industry Price Change in the Quarter and MFs decreased their shareholding last quarter.
Entry can be taken after closing above 109.75. Targets in the stock will be 113, 117 and 122. The long-term target in the stock will be 124 and 129. Stop loss in the stock should be maintained at Closing below 100.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Investment Opportunity - Canara BankAs an investor, you need to think exact opposite of traders (in FUNDAMENTALLY strong stocks).
At these major breakdown levels, big players get enough quantities to buy the promising investment opportunities.
To outperform 90% people, you need to out-think them first.
This idea is to spread awareness and should not be considered as basis of any financial commitment. DO YOUR OWN RESEARCH BEFORE TRADING/INVESTING.
Canara Bank Can start after consolidation.Canara Bank engages in the provision of commercial banking and financial services. It operates through the following segments: Treasury, Corporate or Wholesale Banking, Retail Banking, and Other Banking Business.
Canara Bank CMP is 112.77 The positive aspects of the company are low Valuation (P.E. =6.5), Annual Profit Growth higher than Sector Profit Growth, Increasing profits every quarter for the past 2 quarters, Company with Zero Promoter Pledge, Mutual Funds Increased Shareholding over the Past Two Months and FII / FPI or Institutions increasing their shareholding. The share has good dividend yield of 2.9% at CMP. The Negative aspects of the company is that the stocks is underperforming their Industry Price.
Entry can be taken after closing above 114 Targets in the stock will be 117 and 122. The long-term target in the stock will be 124 and 129. Stop loss in the stock should be maintained at Closing below 105.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
CANRA BANK S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/share) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold.
Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying.
20 EMA (Exponential Moving Average):
Above 20 EMA: If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum.
Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum.
Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set.
Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward.
Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop.
Disclaimer:
I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
Canara Bank Target 115 After a big fall in Canara Bank, a rise of 2 to 5 percent can be seen in one to two days. The stock will see targets of up to Rs 115 in the next week.
CANBK-SHORTTraders can consider SHRT positions on a confirmation from order flow with appropriate risk management strategies.
NIFTY AND BANKNIFTY VIEWHello Traders,
Checkout the latest update on Nifty and BankNifty. Hope you all safe funds
Canara Bank: another 65% move possible?Looks like Canara Bank is moving towards 605, lets see if that happens
Immediate Resistance: 408
Target1: 605
Target2: 787
CANBKNSE: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, Shared for Educational purpose
🚀 Canara Bank: Prime for Long Position! 📈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! 💼
canara bank Break out after 12 years with strong volume Canara bank break round bottom patterns after 12 years looking good for positional trade
Canara bank14/01/2023
Canara bank on monthly chart
BO above 465
Target :20 to 30% above
SL:- As per risk capacity
Information is only for study purpose
CANBK Long PositionalCANBK Buy above 480
for the Target of 540-602-725-879-1033
SL 300
Strategy : BO + RSI > 60 + EMA above 20 & 50
Duration few Weeks
CANBK with upside potentialPSU 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 as an option for one or two weeks. Currently, the 570 CE is at 15.6 with a stop loss of 11-10.
CANBANKThese are swing ideas which you can add your watchlist and analysis for yourself !
Keep on your radar!
I am not sebi ragister I
Resistance pe Resistance...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 Attempt For Breakout MonthlyCanara 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.
