eastwind65

Canara Bank on the Verge of a Breakout

Long
NSE:CANBK   CANARA BANK
Canara Bank on the Verge of a Breakout of the downward sloping channel.

It has just reversed from the upper trend line of the Channel and is having a short term trend line support and if the trend line support holds can make a breakout above the channel and will provide an opportunity to go long for the following targets.

T1-165.75
T2-174.60

Look to go long on breakout with volumes and a retest. Keep on your radar.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.