Canara Bank : Long Resistance Breakout

2023년 9월 16일

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.

2023년 9월 24일

노트

momentum continue in stock.

2023년 11월 13일

거래청산: 타겟 닿음

Short term target of Rs 404 achieved!!

2023년 12월 21일

노트

Price near resistance level.

1월 3일

거래청산: 타겟 닿음

Target Rs 463 achieved!!
Next Target 3 Rs 500

2월 1일

거래청산: 타겟 닿음

Target 3 of Rs 500 achieved.