CANARA BANK
CMP 235
Target 180
Stop 270
Weekly Chart
Stock has convincingly broken down an important support zone at 249, which could potentially act as a resistance zone going forward.
Stock could possibly retest the new resistance zone, which ideally is a shorting opportunity.
Hence, shorting suggested at levels 245-249 with a stop of 270 for a target of 180.
CMP 235
Target 180
Stop 270
Weekly Chart
Stock has convincingly broken down an important support zone at 249, which could potentially act as a resistance zone going forward.
Stock could possibly retest the new resistance zone, which ideally is a shorting opportunity.
Hence, shorting suggested at levels 245-249 with a stop of 270 for a target of 180.
Trading is my passion.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trading is my passion.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.