Stock of the day : Canara Bank Ltd For Target Rs.638- Religare Broking
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Canara Bank Ltd
* We are seeing decent traction in the PSU Banking pack and CANBK is also participating in the move.
* It has registered a fresh breakout from the corrective phase with noticeable surge in volumes.
*Following price pattern and Buoyancy in the PSU banking stocks suggests prevailing trend to strengthen further.
*We thus recommend creating fresh longs in the mentioned range.
Buy Canara Bank Ltd CMP 606.95 Range 605-608 SL 591; Target 638
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