CANARA BANK
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CANARA BANK

Canara bank stock has given breakout with good intensity of volume in both daily and weekly time frame, as the banking stocks started to pick up pace, canara bank's price action along with indicators had confirmed positive trend ahead,
on monthly basis it had made high then higher low, then higher high again higher low, and on weekly basis wave structure suggests same trend ahead as impulse, this indicates that this stock can be a good to go long at these levels or in dips (if any) with stoploss of 147, all the key levels are mentioned in chart with Stop-loss and targets.


Wave Structure
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Key Levels are Mentioned on chart
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Breakout with good intensity of volume
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Zoom in Daily time frame
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Macd in monthly bullish
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Macd in Weekly Uptick and also above zero line
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Macd in daily positive crossover and Uptick and also above zero line
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Rsi in monthly uptick
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Rsi in Weekly Uptick at 60
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Price near upper bollinger band in Weekly
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Dmi adx also positive Ungali setup in Weekly and daily
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All three emas are positive in daily
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Stochastic is positive and Uptick and also having good space to go in Weekly
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Stochastic in daily positive crossover and Uptick and also having good space to go
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Disclaimer.
I am not sebi registered analyst.
My studies are Educational purpose only.
Consult with your Financial advisor before trading or investing.
BANKNIFTYcanarabankcanarabankanalysiscanarabanklongTechnical IndicatorsTrend AnalysisWave Analysis

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Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
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