Buy Canara Bank @ 146.9 target 159+++ SL 141.2 BSE:CANBK demand zone in Canara Bank at 146.9 NSE:CANBK
The stock has broken out of 10 years of range. Volumes like that were seen a decade ago atleast. Is smart money giving another attempt to India's Biggest lender? Will it Exceed HDFC Bank's Market Cap this bull run. Well, time will tell.
Volumes are good - market is +ve. If breaks 120 - go for long and we can see considerable upmove if sustains above 120. Volumes are good from couple of days - Watch market trend and trade accordinggly. Above 120 -- next 135/ 150/160
(delivery trade) daily and weekly both charts shows good breakout above 119.45 sl is 11 points ( 10% of stock value) tgt 162 more .
I'm not an expert I'm just sharing my views on CANARABANK for next trading day I'm not responsible for any profit or loss this is not a recommendation.
Looks to be completion of the head and shoulder formation. And 80s looks to be strong support to accumulation !!
Canara Bank: Ascending triangle. Buy above 105/106 Tartet - 115-117.
3 years target seems 211. Currently short term seems 118 has good resistance.
News: Canara Bank cut MCLR while BoD to consider fund raising on 10 July #CanaraBank #CANBK is moving between 20EMA as support and 100EMA as resistance. After touching 100EMA on 24th June 2020 stock shown bearish move but after yesterday news stock received High volume. Till 10 July BoD meeting, stock will show +ve sentiments. Aggresive New long buildup can see....
Here you can see guys canara bank facing resistance and after it takes support over the same resistance But now i straining CANARABANK for longposition.
Canara bank in uptrend. If is brk LH @ 157 then i will completely uptrend
Canara Bank Head and shoulder pattern in daily TF. - Wait for the neckline to break. - Wait for the retest Buy above 220 - Target - 255.
CANARA_BK Ascending Triangle Pattern break can happen at 234 and Target will be 270.
Price is in side ways movement. If it's break out it possitive, go for long. if it's break out is negtive, go for short.