Canara Bank: Wonderful Wyckoff Accumulation

This stock comes across as a wonderful accumulation candidate from a Wyckoff perspective. The volume signature is very accomodative and the PSU Banking sector looks good as a whole. I am holding long positions and will abandon the bullish view if the price falls below 230. Expect more updates with Point & Figure targets soon !!

Commentaire:

The price action since the prior update has been very constructive and as promised, here is the chart with Point & Figure Counts aka targets. Here is the link d.pr/i/ma41WL

Please be reminded that these posts are nothing but #NotesToSelf.

These are NOT meant to be trade ideas. I am already holding long positions in this stock and chances are very high that I will have vested interest in terms of holding positions in the instruments discussed here.