Weekly price action of Canara Bank (NSE).

177
Technical Summary (as of May 31, 2025):
Breakout Confirmed: The price has broken out above a descending trendline resistance, signaling a bullish reversal.

Strong Weekly Candle: A large bullish candle (+7.04%) confirms strong buying interest.

Resistance Levels:

Immediate resistance at ₹120

Next major resistance at ₹126.59

Support Zone: ₹102–105 (previous resistance, now potential support)

Uptrend Structure: Long-term trendline from 2022 remains intact and supportive.

🔎 Outlook:
Bullish bias in the short to medium term, especially if the stock sustains above ₹114.

Watch for profit booking near ₹120–126.59.

Nota
Above analysis only for educational purpose.

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