scorpiomanoj
Short

CANARA BANK - POTENTIAL SHORTING CANDIDATE

NSE:CANBK   CANARA BANK
CANARA BANK
CMP 235
Target 180
Stop 270
Weekly Chart
Stock has convincingly broken down an important support zone at 249, which could potentially act as a resistance zone going forward.
Stock could possibly retest the new resistance zone , which ideally is a shorting opportunity.
Hence, shorting suggested at levels 245-249 with a stop of 270 for a target of 180.
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