We have a Wave 1 and 2 completed and the Wave 2 has retraced Wave 1 by less than 100% which confirms the Wave 1 and 2 as a complete structure and indicates a beginning of the most awaited Wave 3
According to the Fibonacci golden ratios Price should achieve the 161.80% that is 1331.25 as shown in the chart as well.
Wait for the price to come into the...
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
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.
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
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 stock has given breakout with good intensity of volume in both daily and weekly time frame, as the banking stocks started to pick up pace, canara bank's price action along with indicators had confirmed positive trend ahead,
on monthly basis it had made high then higher low, then higher high again higher low, and on weekly basis wave structure suggests...
After completing the 5 waves rise, canara bank has been in Corrective phase since february 2021, the entire Corrective phase looks like a part of complex correction, recently the daily Macd indicator has turned Bullish, and the stock has formed a positive weekly close, after taking support at the 50 weekly ema, the chart setup is suggesting that the Corrective...
