CANBK waiting for Resistance Breakout CANBK waiting for Resistance Breakout
all estimate based on weekly close
Target : 200
Entry above : 167
Exit : 140
CANBK trade ideas
Canara long term for buyingStudy purposes only I have publishing this chart
If taken entry your own risk
Canara BankCanara bank on a weekly timeframe
Stage 2 Breakout from a stiff resistance zone which was earlier a support zone.
May continue uptrend till it remains above 30WEMA. May proceed toward targets of 233/290.
Only for educational purposes, not a recommendation.
CANARA BANKCanara bank looking good on chart. its gave breakout before couple of days with huge then retest breakout with low volume. Now again Canara is showing strength with good volume.
Canbk showing bullish sign in daily time frame.canbk given breakout and after retesting it shows bulish sign for good entry at the level of 175 in 1hr time frame
longits going to move high likely as chart suggest and
a gud breakout of trend line ,let it retest and enter around 175
target- 183
SL-171
time -1-2 week
Canara Bank following bullish trend Strong support @ 165 - 160 levels
Retest may possible to 170.. 165
190 expected target before December.
CANARA BANK WEEKLY CHART ascending triangle pattern , 180-185 will be big hurdle zone , if crossed and sustain for couple of days , then we might see 220-225 , best buy zone 165
Canara Bank : BULLISH MomentumSome Quantity buy at current price 148.
if price comes to 131-130 add more to participate in rally.
Trade Setup: MIT
Target Mention on Chart
buy can bank above 174.60 sl 140 tgt 234canara bank looks very good . after long time buying in psu banks and price is moving above all diagonal lines
CANBK Swing TradeSymmetric Triangle breakout on Daily chart
Trading above 50EMA and 200EMA
Resistance Zone:162.60-165.15
Upside Target: 172.5-173.85
Support zone: 155.65-157.05
Below this level CANBK is weak
Look for a Bullish Trade according to me
Conditions for Trade Entry: 1.15mins/1hr strong candle closing above the resistance zone
2. Volume should be greater than 50VolumeMA
3. RSI>60
Canara Bank ReversalThe stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed based on fundamentals and near swing high.
CANARA BANKCanara bank stock has given breakout with good intensity of volume in both daily and weekly time frame, as the banking stocks started to pick up pace, canara bank's price action along with indicators had confirmed positive trend ahead,
on monthly basis it had made high then higher low, then higher high again higher low, and on weekly basis wave structure suggests same trend ahead as impulse, this indicates that this stock can be a good to go long at these levels or in dips (if any) with stoploss of 147, all the key levels are mentioned in chart with Stop-loss and targets.
Wave Structure
Key Levels are Mentioned on chart
Breakout with good intensity of volume
Zoom in Daily time frame
Macd in monthly bullish
Macd in Weekly Uptick and also above zero line
Macd in daily positive crossover and Uptick and also above zero line
Rsi in monthly uptick
Rsi in Weekly Uptick at 60
Price near upper bollinger band in Weekly
Dmi adx also positive Ungali setup in Weekly and daily
All three emas are positive in daily
Stochastic is positive and Uptick and also having good space to go in Weekly
Stochastic in daily positive crossover and Uptick and also having good space to go
Disclaimer.
I am not sebi registered analyst.
My studies are Educational purpose only.
Consult with your Financial advisor before trading or investing.
CANARA BANKchart analysis for positional trade ............................................................................
CANARA BANK in 1W TF.As you can see there is a TRIANGLE breakout with good volume.
Go LONG after the conformation of the trend as per you and don't forget to keep a perfect STOP LOSS.
Bullish on Canara BankCanara Bank Seems to be forming triangle pattern 20% Gains over next month.
RSI also indicating range breakout.
canara bank for swing tradingwait for the breakout
for safe entry after the breakout wait for a retest on the trentline
Long canbankLooking pattern breakout triangular in canara bank
Has been in long consolidation since merger with syndicate bank
CANARA BANK BULLISH PENNANTHello
Welcome to this analysis about CANARA BANK , we are looking at daily timeframe perspectives. CANARA BANK is developing here that will be a decisive factor in the upcoming times. I discovered the main formation CANARA BANK is developing here that will be a decisive factor in the upcoming times. As when looking at my chart now we can watch there how CANARA BANK has emerged with this key BULLISH PENNANT pattern marked in my chart with boundaries. which is an important level and also psychological level mark together with the lower-boundary of the BULLISH PENNANT a pullback
In this manner, thank you for watching my update-analysis about CANARA BANK and its major BULLISH PENNANT with the determining factors we need to consider in upcoming times, support the analysis with a like and follow or comment for more market insight!
Canara bankAfter completing the 5 waves rise, canara bank has been in Corrective phase since february 2021, the entire Corrective phase looks like a part of complex correction, recently the daily Macd indicator has turned Bullish, and the stock has formed a positive weekly close, after taking support at the 50 weekly ema, the chart setup is suggesting that the Corrective phase in the stock is near completion and it is gearing up for the next leg of up move. The stock can gain momentum once it breaks and sustain above the resistance line which is currently at 160.
Overall it is one type of paisa double pick investment pick
One can go Long at current level or in dips (if any)
Breakout with Good intensity of Volume
Key Levels are Mentioned on chart
Macd in daily positive crossover and Uptick
Macd in hourly positive crossover and Uptick and also above zero
Rsi in hourly above 60
dmi and adx are positive
Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Consult with your Financial advisor before trading or investing
