CANBK trade ideas
BSE: CANBK: Correction is due and expected to complete at 276Talking Points:
Technical Strategy: Hold and Buy lower
Elliottwave Count: Correction
HTG Note:
Current price action on Canara Bank (BSE: CANBK) is trading bullish move. However, script was in correction after break on monthly trend line. All PSU bank showing correction in bullish move. We are expecting correction will be on flat correction and should be completed on 276-275 zone.
Action
We are on sideline after booked our loss with 1 rupee on 290 level. Team is looking for lower level, possibly 276 to re-initiate our longs with limited risk.
-- By @hoagtrading (Hoagtrading.com)
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Bullish Crab in Can Bank - Buy at 287 for Target of 293Bullish Crab in Can Bank - Buy at 287 for Target of 293
CANARA BANK Looks like a LONGER to meAs long as Canara Bank stays above 249 - 250 We should see 257 Soon
25th July the Results are in.. Good News will get Canara Bank to drop a bit. So keep SL as 247.5
canara bankshooting star on daily chart with a rsi divergence on daily chart
and on smaller time frame chart you get a trendline breakdown
