Canara Bank : Long Resistance Breakout
Aggiornato
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.
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.
Nota
momentum continue in stock.Trade chiuso: obiettivo raggiunto
Short term target of Rs 404 achieved!!Nota
Price near resistance level.Trade chiuso: obiettivo raggiunto
Target Rs 463 achieved!!Next Target 3 Rs 500
Trade chiuso: obiettivo raggiunto
Target 3 of Rs 500 achieved.
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