Canara Bank " up to 23% gains "
Hi Traders/Investors,
This is a Swing/Positional Trade.
I can see a possible bullish momentum can still occur in Canara Bank in upcoming period because of,
1) Breakout and Retest of symmetrical triangle pattern .
2) Increase in Volumes in recent times.
3) Breakout of Resistance level ( approx. from 2 years ) with High volumes, as Longer the resistance holds and breaks stronger the move it makes.
4) RSI indicator taking support at 60 and moving upside.
Entry : 240-245 levels
Stop loss : 228
Target : 300
Giving a Risk to Reward of 1:3.5 and Returns up to 23%.
Please don't make any decision solely based on this analysis.
Give a thumbs up if you liked this analysis as this requires deep research.
This is a Swing/Positional Trade.
I can see a possible bullish momentum can still occur in Canara Bank in upcoming period because of,
1) Breakout and Retest of symmetrical triangle pattern .
2) Increase in Volumes in recent times.
3) Breakout of Resistance level ( approx. from 2 years ) with High volumes, as Longer the resistance holds and breaks stronger the move it makes.
4) RSI indicator taking support at 60 and moving upside.
Entry : 240-245 levels
Stop loss : 228
Target : 300
Giving a Risk to Reward of 1:3.5 and Returns up to 23%.
Please don't make any decision solely based on this analysis.
Give a thumbs up if you liked this analysis as this requires deep research.
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.