tinunahata001

CANBK Swing Trade

NSE:CANBK   CANARA BANK
Symmetric 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

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