Canara Bank (Daily) - Flag Breakout
Seems to have entered the 5th wave after the end of 4th wave flag / triangle
RSI is above 60
Stochastic 14,3,3 is in positive crossover
+DI is above the -DI in the Directional Movement Index (DMI)
It will be ideal to wait for the ADX to become uptick as well before going in in this though its value is above 15
On the weekly tide too, it is showing a buying signal
Target 270.45
Seems to have entered the 5th wave after the end of 4th wave flag / triangle
RSI is above 60
Stochastic 14,3,3 is in positive crossover
+DI is above the -DI in the Directional Movement Index (DMI)
It will be ideal to wait for the ADX to become uptick as well before going in in this though its value is above 15
On the weekly tide too, it is showing a buying signal
Target 270.45