Indieconomic

Canara Bank : Long Resistance Breakout

Pembelian
NSE:CANBK   CANARA BANK
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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Komentar:
momentum continue in stock.
Trading ditutup: target tercapai:
Short term target of Rs 404 achieved!!
Komentar:
Price near resistance level.
Trading ditutup: target tercapai:
Target Rs 463 achieved!!
Next Target 3 Rs 500

Trading ditutup: target tercapai:
Target 3 of Rs 500 achieved.

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