Canara Bank : Long Resistance Breakout

16 de set. de 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

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24 de set. de 2023

Nota

momentum continue in stock.

13 de nov. de 2023

Trade fechado: objetivo atingido

Short term target of Rs 404 achieved!!

21 de dez. de 2023

Nota

Price near resistance level.

3 de jan.

Trade fechado: objetivo atingido

Target Rs 463 achieved!!
Next Target 3 Rs 500

1 de fev.

Trade fechado: objetivo atingido

Target 3 of Rs 500 achieved.