NSE CANBK – The Perfect Storm for Bulls
The NSE CANBK has broken out of its base channel with a big bearish candle, and a continuation outside the channel will bring more bearishness. After completing the final impulse (5), the price has begun to correct the previous move.
The breakout candle for NSE CANBK is huge, so traders may be able to get a pullback back. As soon as the price breaks out, if it stays below the parallel channel, the trader can plot their targets near wave (4). 287 is the strong support for the stock.
Please log in to read the entire text. If you don’t have a login yet, please subscribe now to get access.
I will update further information for premium subscribers soon.
NSE HINDUNILVR – Long Setup
NSE HINDUNILVR has given a valid trendline resistance breakout on the daily time frame. Prices are moving above moving averages. As a result, the stock failed to break the previous low of 2527 and ended up making a lower high.
Traders can go long position near 2610 – 2605 for the following: 2630 – 2644 – 2658. Stop-losses can be taken by free subscribers based on the day’s low.
Trade setup with entry, exit, and stop loss is only available for premium subscribers.
Get free important share market ideas on stocks & nifty tips chart setups, analysis for the upcoming session, and more by joining the below link: Stock Tips
Are you looking for NSE paid calls? Want to get premium trading alerts and unlimited access to Moneymunch? Join today and start potentially multiplying your net worth: Premium Stock & Nifty Tips
Premium features: daily updates, full access to the Moneymunch #1 Rank List, Equity Research Reports, Focus List portfolio of 50 longer-term stocks, Premium screens, and much more. You will quickly identify which stocks to buy, which to sell and target today΄s hottest industries.
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.