Canara Bank : Long Resistance Breakout

16 thg 9, 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 thg 9, 2023

Ghi chú

momentum continue in stock.

13 thg 11, 2023

Đóng lệnh: đạt mục tiêu

Short term target of Rs 404 achieved!!

21 thg 12, 2023

Ghi chú

Price near resistance level.

3 thg 1

Đóng lệnh: đạt mục tiêu

Target Rs 463 achieved!!
Next Target 3 Rs 500

1 thg 2

Đóng lệnh: đạt mục tiêu

Target 3 of Rs 500 achieved.