Canara Bank based on failed retest level for Long and Short _ W
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The price failed form retest level of Rs 232 i.e. resistance level in weekly time.
The analysis based on simple downtrend , upward trend , cup & handle , moving average , parallel channel , resistance breakout with volume , retest of price and Fibonacci (explained in chart)
Enter for potential upside of 20% - 50% from curre1nt level with stop loss below Rs 190.
For short, EMA 200 (Rs 194) and golden fib level will hold as key support level, violation will give a short opportunity for target of Rs 175.
Thanks
The analysis based on simple downtrend , upward trend , cup & handle , moving average , parallel channel , resistance breakout with volume , retest of price and Fibonacci (explained in chart)
Enter for potential upside of 20% - 50% from curre1nt level with stop loss below Rs 190.
For short, EMA 200 (Rs 194) and golden fib level will hold as key support level, violation will give a short opportunity for target of Rs 175.
Thanks
注释
注释
price taken a support from key level !!
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