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.
The stock has given a trendline breakout after a few days of consolidation.
Today, it has formed a big bullish candle with the formation of a higher-high and higher-low price structure on the daily chart with improved momentum in RSI and MACD.
