Canara Bank : Long Resistance Breakout

2023年9月16日

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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2023年9月24日

註釋

momentum continue in stock.

2023年11月13日

交易結束：目標達成

Short term target of Rs 404 achieved!!

2023年12月21日

註釋

Price near resistance level.

1月3日

交易結束：目標達成

Target Rs 463 achieved!!
Next Target 3 Rs 500

2月1日

交易結束：目標達成

Target 3 of Rs 500 achieved.