this stock is having Demand zone @ 290 range, if this range will acts as support price again turned to be bullish.
here we have a previous resistances and supports as well, keep track this level for buy again for targets of 308-312, 330 and 340 zone.
this is the best place to enter into the stock again for the next resistance @ 340 zone. NSE:CANBK
CANARA BANK is one stock that I have found out for my Next short trade.
There are two POIs, so be careful in which you select to trade.
StopLoss would be above the swing high
above 200 ma, 20 ema crossing 50 ema, consolidation, market positive, stock was in short down trend but now changing direction, a little bit risky, but as sl is 284 and entry is near 288, target being above 320 is good rr.
entry reason - trend line, two ema closing support.
canra Bank close above 3 Moving Averages 13,21,34 and looking strong. long canra Bank with small stoploss. And Target 🎯 of 1:1, 1:2 and 1:3
Buy above 292
SL 285 Target 🎯 300,307 & 314
Note : I am not SEBI registered this is my personal view I may be wrong. Please do your own research before taking any trade or investment..
Chart shows that stock is near important resistance near 277 and also following a trend line which combine make a ascending triangle pattern breakout above 277 will give target to 279.5 and 282 .
If stock breaks trendline and important support of 273.8 than stock might fall till 271
Disclaimer- The risk of loss in trading stock, future,forex and option is substantial and losses may exceed initial investments. Past performance,wherther actual or simulated, is not indicative of future results. By viewing this video you agree that decision to purchase or sell any financial product is the sole responsibility of the person initiating such a...
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.
.
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.
THANK YOU !!!!
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.
.
CANBK
1 hour : It has took the liquidity from major low.
*Wait for the opportunity and we could see an upside movement.
THANK YOU !!!!
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...
