Canara Bank is presently in Institutional Buying Zone as shown by the Blue area. Entry can be Made into Canara Bank for Long Trade with an initial target of 245-248. A Hammer can be seen forming. Volume is low and reflects Stock consolidating and a strong resistance zone below due to Institutional Buying and can break out at higher levels.
Educational Purpose Only. The author is not responsible for Financial Losses.
Trade active
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Comment
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Moving in a sideways channel. Bounced from Institutional Buy zone.