IGI Logo

Canara Bank Ltd

Buy Canara Bank Ltd CMP:321.20, Initiation Range 320-322, Stop Loss 307, Target 348

TECHNICAL RATIONALE – The PSU banking index has witnessed a breakout from a congestion zone and Canara Bank is also trading in sync. It has also ended seven-month consolidation phase, after a breakout from a cup and handle pattern (which is continuous in nature), with noticeable surge in volumes.

Marico Ltd

Buy Marico Ltd CMP: 534.25, Initiation Range 533-535, Stop Loss 516,Target 572

TECHNICAL RATIONALE – The FMCG index is at record high and we are seeing participation across sectors on rotational basis. Marico has witnessed a breather after the recent surge and formed a fresh buying pivot while hovering above the support zone of moving averages ribbon on multiple time frames.

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://www.religareonline.com/disclaimer

SEBI Registration number is INZ000174330

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer