technofunda_trader

Canara Bank ready for the uptrend!đŸ€©đŸ’žđŸ”„

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NSE:CANBK   CANARA BANK
Buy Canara Bank for Positional Trading as well as Investment.đŸ’žđŸ”„đŸ’ž
Comment your viewsâ€ŒïžđŸ˜„
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✔Technically strong with improving FundamentalsđŸ’ȘđŸ’Ș
The company recently posted the best Q3 Result.
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‌ It has now given a breakout of the resistance level of 2020 which is a multi-year imp zone too. With the recent volume continuation after posting the highest Net Profit in its history, we can expect a strong uptrend from current levels.
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💎@technofunda_trader⁠
Few Important rules from my Trading Philosophy:⁠
1. Don't compromise on the quality of stock.
2. Buy right, Sit tight- Only sell in loss if the fundamentals deteriorate, problems arise in management or any other similar issues.
3. Don't invest more than 5-10% in any stock & more than 25% in any particular or related sector. If stock is risky don't invest more than 2-3%.
4. Build position gradually as the stock rises.
⁠5. Trade in the direction of the bigger trend.
6. Ride the trend, don't sell your winners early.
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