Friday, 11 March 2016

Canara Bank - Intraday share tips

Canara Bank is at very attractive level these days. It is now trading at the level of around Rs.182/-. The risk reward ratio is looking very good in this stock after good correction of last few months. On seeing the chart it seems that the stock has made its bottom and trying to give upward momentum from these level.  Short term trader should take position in this stock with stop-loss of Rs.171/-  for the short term target of Rs.218/-. Intraday trader should buy this stock with strict stop-loss of Rs.179/- for 1st target of Rs.185.65/- and 2nd target of Rs.190/-. Long term investor  should buy it with stop-loss below Rs.171/- for the target of Rs.260/- Today the stock has closed at Rs.182/- with huge volume. Today in this volatile market this stock has closed above 30 days moving average. Long term investor should hold it with patience for good returns in the future.

Discloser-
 I am not registered with SEBI and also not have any financial interest over any particular stock. Here  I share only my personal views and ideas of trading and investing in the Indian stock market. Before investing or trading one should consult his professional adviser or should take his own decision. I/blog author will not be responsible for any loss or profit due to trade or invest through effecting by my ideas or views. Before trading or investing one should apply his own mind or consult his professional financial adviser.
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