Canara Bank : Long Resistance Breakout

16 sept 2023

The stock in uptrend with higher high and lower low. In weekly chart, the price given a 9 month resistance breakout with bullish candle. Looking at the past pattern, short term target will be Rs 404 with stop loss at Rs 330. In higher time frame, long term resistance i.e., 7 year at Rs 463 and if given resistance breakout from that zone, potential long target will be at all time high.

The price above all key moving average.

Fundamental
P/E- 5.17; NIM- 3.05%; NPA- 1.57%; ROA - 0.99%; CASA- 31.08%; Promoter- 62.90%

Thanks
-aJ

Disclaimer: The information and publications are not meant to be, and do not constitute, financial, investment, trading or any other types of advice or recommendations.

24 sept 2023

Nota

momentum continue in stock.

13 nov 2023

Operación cerrada: objetivo alcanzado

Short term target of Rs 404 achieved!!

21 dic 2023

Nota

Price near resistance level.

3 ene

Operación cerrada: objetivo alcanzado

Target Rs 463 achieved!!
Next Target 3 Rs 500

1 feb

Operación cerrada: objetivo alcanzado

Target 3 of Rs 500 achieved.