canara bank in range falls

Canara bank is in range bound for medium term and in that range now its in movement from resistance to support through a channel.

its downward journey will be confirmed if 260 is tested first before 270.

if channel downward journey is confirmed then expect first low of 240 with 270 as stop loss.

then expect channel low range of 210

most of the stocks and even nifty in range bound and hence canara bank also ll continue its range till election result.