CANBK trade ideas
CORONA KAVACH POLICY !! Interesting new product being offered by them should see a lot of people buying into it ..
This looks like a very good place to add or start a new long term position.
I would go all in and not dollar cost average this trade if i were to be going in long term .
Cheers!
Intra day candidate....Looking bullish with the cross .. shall put this on the watch list solely cause its almost at rock bottom and we need some big moves from this.
No idea how the bank is doing financially but technically looking to play out nicely over the next weeks..
94.50 would be nice to long on max leverage with a .25% SL and big size ..
Going to post a Monthly graph to give the bigger picture..... for swingers
CANARA Bank - BoD consider fund raise on 10July - LevelNews: 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. Stock was moving under Bollinger Band and started consolidating but yesterday news had given move hence today stock opened above mid bollinger band and crossed the upper bollinger band and closed below.
Showing Bullish in all indicator:
CCI is trending UP
Stoch %K crossed above %D from below
DI+ crossing 25 from below
PSAR indicating Bullish reversal
RSI is trending UP
Aggresive New Long
Stock outperforming from Benchmark and sectrol index on 1 week and 3 month both
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Support : 99
Breakdown : 103
CMP : 109
Breakout : 112
Short Target : 115 and 122
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Negative Point:
1) Bearish in weekly and monthly chart.
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(Disclaimer: This is only for educational purpose.)
CANBKThere seems to be support at 107.50, from where it can bounce back, if not then 105.5 and 102.5
Exepted Long Position From Canara Bank 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.
Tech Analysis 4 CANARA BANKRight now bank nifty in bearish mode. Except HDFC Bank. If trend changing once cross @ ema 200 then you can take the long position. Trendline already broken & waiting for Resistance line & Waiting for ichimoku cloud confirmation. Stoploss/Target & Entry point given in the chart.
Canara Bank - Breakout - Trading levelsNSE:CANBK is sustaining about its resistance levels & is in uptrend currently.
One can use these levels of reference for trading.
Canara BankCanara bank if crosses 95.50, that will be our entry point for a target of 105 and final target of 110.
CANARA BANKDESCENDING TREND LINE
its weekly chart is showing downtrend from past 2 years so to go with the swing always try to short this below its trendline where it find resistance
Trading View on CANARA BankLooking to Short Term Trading View on Canara Bank it can be seen that there is breakdown on 30 Minute candle which is sign of Shorting the stock for short term point of view.
One can put Stop Loss on Upper Trendline and can continue in Trade.
CANARA BANK WEEKLYBullish Crab@1.618XA
for confirmation we need a Bullish candle with RSI above 30
POTENTIAL BUY
CANARA BANK LONGTechnical analysis on FOREX and INDIAN MARKETS. We are not SEBI REGISTERED ANALYSTS The views expressed here are for our record purposes only. Please consult your personal financial advisor before investing. We are in no way responsible for your profits / losses what so ever.
BUY CANARABANK BETWEEN 207-206.5 09.01.2020
CANARABANK
BUY CANARABANK BETWEEN 207-206.5
CMP : 207.5
INTRADAY TARGETS
T1 : 210
T2 : 213
SL : 203.5
Canara Bank Head and shoulder pattern in daily TF - Positional 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 PatternCANARA_BK Ascending Triangle Pattern break can happen at 234 and Target will be 270.
