Canara Bank is forming Bullish Peanut pattern in 1D and 1W chart Breakout is yet to come. If Breakout comes we can Expect A big move in it for a holding period of few weeks from Buying day. Target and Stoploss are given in the chart
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(NOTE - This Research is only for Educational purpose So please make your own research too before investing We are/would be not responsible for any Profit or loss)
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Hey Guys I m Sorry for so many spelling mistakes in the chart and the whole Idea I usually Post Ideas from my laptop but yesterday Posted it From my mobile and unknowingly mobile auto-corrected many things and the meaning changed
The above Idea is About CANARA BANK not CANADA BANK And It is Forming PENNANT PATTERN not PEANUT PATTERN.
once anain sorry for that
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IT has Started Moving Just same like Shown we need at least a Month for breakout if this movement goes the same
Traders must learn the Patterns and movements created by it Chart Patterns are very strong Signals for Breakouts and they give a good move in that Direction
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It Tried to Give a Breakout Above Our Given Levels But as the Trending Resistance is very Strong the Attempt of Breakout Was Unsuccessful.
We would Trade Only After Breakout. And Would Wait Untill that Happens
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Today one more attempt of breakout Failed. Closed below the Resisting Trendline.
We would enter into it only if it give Breakout till then only keep on watchlist
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Breakout is coming in few days Stay tuned and Keep in watchlist and Observe
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The time is Coming Near 🤩
Soon we would get break in 2-3 Trading Sessions
Everyone Keep in Focus
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As said Breakout coming close We are getting breakout today
160 was Strong resistance as per chart and Option chain both. Which is broken now
Risky Traders can Buy on CMP Or wait for Day closing that is buying near 3:25
İşlem aktif
Buy Canara Bank On 3:25 P.M Only if it is Above 160 level
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Stay invested everyone
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Everyone Stay invested Canara Bank in super strength Gave Weekly Break Out and Currently@176 All must be in profits.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.