buy canara bank above 119.45 sl is 11 points tgt 162 above (delivery trade) daily and weekly both charts shows good breakout above 119.45 sl is 11 points ( 10% of stock value) tgt 162 more .
CANBK trade ideas
CANARA BANK looks good for accumulation.NSE:CANBK
Can bank on weekly chart looks good for those who are looking for short to long term investment.
If you see over all chart structure stocks seems to be bottom out. And now trading in range of 75-120 which likely to be a accumulation zone of smart players.
Retailers at this point may not be interested in this counter bcoz of panic of past and they exiting on each rise in zone of 75-120 while smart money likely to be buying the same.
Safe player can wait for stock to take out level of 120 before getting in here but those who like to take more risk can start buying in this counter on each deep.
level of 75 will be a major support for CANARA BANK while 120 will be Resistance.
Happy Trading, Happy Investing.
||AMBADNYA||
CanBK I trades Trade SetupIf I have to buy this, I will buy at 97.75, will keep a stop loss of 1 rupee that is 96.75 or so
And target will be 100
Quick Summary of Analysis -
Risk to reward 3:1
With trend
RSI 50 with a small upward move which is not so strong but have potential to reach 70 and hence can reach our target price of 70
Reason for keeping SL so near is that in MACD, the red line is strong as compared to blue line and both are downward sloping.
But as I said, we can enter in this trade only if entry price is at 97.75 approx.
CANARA BANKI'm not an expert I'm just sharing my views on CANARABANK for next trading day
I'm not responsible for any profit or loss this is not a recommendation.
Canara bank is it completion of head and shoulder..!!Looks to be completion of the head and shoulder formation. And 80s looks to be strong support to accumulation !!
CANARA BANK 45MNBULLISH Deep Crab
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
CANARA BANK 1HRBULLISH Deep Crab
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL BUY
CANARA BANK: A BEARISH SIGNAL IN DAY CANDALI 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 CONFIRMATION.
HOW TO ENTER THE TRADE HINTS:
a. ITS BETTER TO TAKE TRADE AFTER THE RSI( EITHER 14 OR 9 OR 7 WHICH ONE IS COMFORT TO YOU) CROSS BELOW 70 OR 60
b. SUPER TREND SELL SIGNAL ALONG WITHIN 3 CANDELS OF CROSSING OF RSI(SUPER TREND VALUES 5,1.5 OR 11,2 OR 7,3 ARE POPULAR, BUT FOR INTRADAY ITS 5,1.5 OR 11,2 ARE GOOD)
C. PARA BOLIC SAR
D. MACD
NOTE: AFTER ALL THESE THERE IS A CHANCE OF RETRACE, THAT IS POPULARLY KNOWN AS DOUBLE TOP PATTERN, SO LEARN ABOUT RSI, SUPERTREND, MACD, PARABOLIC SAR AND DOUBLE TOP OR DOUBLE BOTTOM TOPIC THEN BACK TEST THEM AND THEN ENTER TO TRADE BECAUSE EASY TO LOOSE BUT WITHOUT KNOWLEDGE DIFFICULT TO EARN.
FINAL WORDS FRIENDS, GAIN THE KNOWLEDGE, KNOWLEDGE WILL GAIN YOU.
CANRA BankCANBK 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 CANDLETRIANGULAR 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
Best buying Opportunities for Long term3 years target seems 211. Currently short term seems 118 has good resistance.
