CANARA BANK looks good for accumulation.

٦ ديسمبر ٢٠٢٠

CANBK

Can bank on weekly chart looks good for those who are looking for short to long term investment.

If you see over all chart structure stocks seems to be bottom out. And now trading in range of 75-120 which likely to be a accumulation zone of smart players.

Retailers at this point may not be interested in this counter bcoz of panic of past and they exiting on each rise in zone of 75-120 while smart money likely to be buying the same.

Safe player can wait for stock to take out level of 120 before getting in here but those who like to take more risk can start buying in this counter on each deep.

level of 75 will be a major support for CANARA BANK while 120 will be Resistance.

Happy Trading, Happy Investing.

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