CANBK trade ideas
5 SMA ShortDo not Trade : Latest Close Crossed Below Latest 5 SMA
Latest Volume Greater than 800000 if,
1. There is Mid Bollinger Band Consolidation of Price
2. There is Consolidation of Price in the upper half of the Bollinger Band
3. There is lateral support for the stock in the lower half of the Bollinger Band
4. If the 5 SMA is far away from Closing Price of the stock
5. If the per share value is below 50
6. If the overall market scenario is bullish
CANARABANK - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
CANARA - Good Buy only around 260CANARA Bank has posted highest ever net profit, Money is being pumped into public sector banks,Also Public sector banks have been regularized properly by RBI, And for any big loss RBI is always there for rescue. Strong support from government makes public sector banks a great value buy.
Long canara bankLong canara bank. Stock is on the verge of BO from the resistance level. Long above 245 once the BO of the area for the next target level of 270-280 . All important levels has been marked on the charts. RSI level above 60 showing bullish formations. This is for your educational purpose only.