Canara bank can give a very strong breakout with the strong buying volume in both day and weekly chart .
Buy Canara bank at 300
Target 315 330 340 380
Sl 280
Hello TradingView community and my followers, please if you like the ideas, don't forget to support them with likes and comments, thank you very much and here we go.
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CANBK
1 hour : It has took the liquidity from major low.
*Wait for the opportunity in lower timeframe (5min) and we could see an upside movement.
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This banking stock looks bullish according to price action as we disscused in the past post that 290 will react as a support zone
Now strong support is 285-290
Resistance is 342 zone
CANARA BANK as per Day Chart Analysis Stock
ABOVE 330 TARGET 333
Today FII Net selling had come down considerably to 203.13 Cr and DII Net Buying increased to 1723.79 Cr.
Nifty Once Breaks the resistance at 18169 then the target is 18240 level.
Bank Nifty Once Breaks the resistance at 42716 then the target is 42932 level
Tomorrow Market trend to be on the...
CANARA BANK
Time Frame: 2hr
Observation:
* Cup and Handle formation
* Mean (EMA) Diversion on Hourly time frame
* Parallel channel breakout.
Resistance/Target: 351 375 399 414
Support: 310 287
I will wait for retracement on NSE:CANBK to take buy entry. Best level to take entry will be 293 with stop loss of 273 (-20 Points).
Will hold till targets of 314, 329, 345 & 375.
Note: This is my personal analysis, only for learning. Thanks.
If this stock take support at 295-300 level and make a good bottom then can expect a good upper side moment bcoz it breaks its strong resistance 295 which is now react as support zone
The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
Canara bank guve a very good breakout out of important resistance now we recommend to everyone to buy it .
Buy Canara bank at 252
Target 262 273 299.80
Sl 238
Long canara bank. Stock is on the verge of BO from the resistance level. Long above 245 once the BO of the area for the next target level of 270-280 . All important levels has been marked on the charts. RSI level above 60 showing bullish formations. This is for your educational purpose only.
The bank merged with Syndicate bank effective from 1st April 2020. Post merger, it became the 4th largest PSU bank in India.
Then its branch network increased by 4,000 branches and 4,500 ATMs.
Presently, the bank operates 10,500 branches and 13,000 ATMs across India. It also operates 5 international branches in overseas countries.
45% of its branches are located...
Canara bank on a weekly timeframe
Stage 2 Breakout from a stiff resistance zone which was earlier a support zone.
May continue uptrend till it remains above 30WEMA. May proceed toward targets of 233/290.
Only for educational purposes, not a recommendation.
