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.
after 12 years, Monthly RSI crossed 60. 12 year Trendline breakout Daily and weekly RSI crossed 60
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.
Canara bank is trading in a Descending pattern since 2012.