Canara bank is about to BREAK OUT soon

30 במאי 2021

The latest retracement (ie from 3rd week of April'21 till 4th week of May'21) is very bullish. Right now it is in its long term support/resistance zone from early 2016. Above it there is another such possible resistance region which has relevance since 2019. It can consolidate between these regions and make a break out. Since there is positive news in market that they are about to raise 9000 Crores in FY22, it might make this breakout sooner. Swing traders can aim 196-216 levels, according to the risk and reward appetite.