We have already seen that in Banking space private banks are the out performers and PSU Banks are under performers .

Now I think one can start looking at some investments or trade towards PSU banks.

My First pick is Canara Bank. There is a positive divergence RSI (14) and also there is a falling wedge Pattern.

Buy above 311 Target 325-330 SL 297

Below are the charts for your reference.

Canara Bank Daily Chart
Canara Bank Line chart Daily

Learning –

Positive Divergence

Falling Wedge


I’m not a SEBI Registered Investment Advisor. Above Views are only for Educational Purpose. Equity, Commodity & Currency Trading has large potential rewards, but also Large Potential Risk. You must be aware of the risk and willing to accept them in order to invest in the markets. Don’t trade with the money you can’t afford to lose. This page is neither a solicitation nor an offer to acquire/sell any script. Please consult your financial advisor to take appropriate investments as per your risk profile. The past performance of any investments is not an indication for future returns.


One response to “TRADE SETUP – CANARA BANK”

  1. kuldeep singh Avatar
    kuldeep singh

    Nice pic sid bhai

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