2025-12-31 10:28:59 am | Source: Religare Broking Ltd
Stock of the day : Canara Bank Ltd by Target Rs. 164 - Religare Broking Ltd
Canara Bank Ltd
Buy Canara Bank Ltd CMP 154.03 Range 153-154 SL 148 Target 164
* CANBK exhibits a robust bullish structure following a recent upside breakout and sustaining above its key moving averages, signaling sustained positive momentum.
* Price action remains within a rising channel, showing consistent higher highs and higher lows, validating the prevailing uptrend.
* Overall, the technical setup favors trend continuation, with minor pullbacks likely to attract buying interest.
* In line with the dominant trend, long positions may be considered on corrective moves.
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