namandjoshi

5 SMA Short

Short
NSE:CANBK   CANARA BANK
Do not Trade : Latest Close Crossed Below Latest 5 SMA
Latest Volume Greater than 800000 if,

1. There is Mid Bollinger Band Consolidation of Price
2. There is Consolidation of Price in the upper half of the Bollinger Band
3. There is lateral support for the stock in the lower half of the Bollinger Band
4. If the 5 SMA is far away from Closing Price of the stock
5. If the per share value is below 50
6. If the overall market scenario is bullish

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