Suryavanshi1983

Single Chart - Multiple Destinations

NSE:CANBK   CANARA BANK
Canbk has recently broken the Uptrend line and has reached a nearby crucial support. Now it can take different paths going ahead. each arrow identifies one move. For the next arrow to start, a breakout needs to happen with an Impulse. I will keep it on watch list going ahead as there will be multiple trading opportunities. Will keep you posted on the updates as price clarifies the probable paths.
Comment: Closed at support marked in Red, Lets see if bounces back tomorrow or break the support n move to the next one. Choose the trade basis the direction. all levels and targets are marked.
Comment: Holding onto support and good volumes coming in at this level. we might be heading high. A small risk big reward game on..
Comment: Exited with small profit...unable to breach the trendline on smaller time frame.
Comment: Blasted in the end. Could not participate.
Comment: Expecting Canbk to go near 268 levels, where both the down slope and upsloping trendline meets as the target, need to see what happens there, basis which the direction could be anticipated.
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