2025-05-29 10:22:48 am | Source: Religare Broking
Stock of the day : Canara Bank Ltd For Target Rs. 118 - Religare Broking Ltd
Canara Bank Ltd
Buy Canara Bank Ltd CMP 110.94 Range 109-111 SL 106 Target 118
* The PSU bank segment is showing renewed buying interest and among them Canbk is leading from the front.
* The stock recently confirmed a breakout from an inverted head and shoulder pattern, showing clear sign of trend reversal.
* It is gradually inching higher, witnessing a follow- through breakout from a tight range, and looks poised for further upside.
* Considering the price action and buoyancy in the counter, one can consider buying Canbk within the mentioned range.
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