After showing some recovery Post-Covid , Canara Bank is forming a Pole and Flag Pattern on the monthly timeframe.
Since the Company Fundamentals are a bit weak, the Pole and Flag can turn into a symmetrical triangle as well.
Earnings call are also in this month, so please long only when you see a good volume on the weekly candles.
Long-Targets-
T1-170
T2-195-205
T3-250
T4-300
Since the Company Fundamentals are a bit weak, the Pole and Flag can turn into a symmetrical triangle as well.
Earnings call are also in this month, so please long only when you see a good volume on the weekly candles.
Long-Targets-
T1-170
T2-195-205
T3-250
T4-300
Trade fechado: objetivo atingido:
T1 and T2 done