Technical Strategy: Hold and Buy lower
Elliottwave Count: Correction
Current price action on Canara Bank (BSE: CANBK ) is trading move. However, script was in correction after break on monthly . All PSU bank showing correction in move. We are expecting correction will be on and should be completed on 276-275 zone.
We are on sideline after booked our loss with 1 rupee on 290 level. Team is looking for lower level, possibly 276 to re-initiate our longs with limited risk.
-- By @hoagtrading (Hoagtrading.com)
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