2025-08-29 10:28:45 am | Source: Motilal Oswal Wealth Management
Technical Trading Idea : Canara Bank Ltd Target Rs. 101 By Motilal Oswal Wealth Management
Canara Bank Ltd
Sell Canara Bank Ltd CMP 105 SL 108 TARGET 101 DURATION Weekly
• Descending triangle breakdown.
• Large bodied bearish candle.
• Close below 100 DEMA.
• Higher than average selling volumes.
• RSI momentum indicator negative crossover.
• We recommend to sell the stocks FUT contract at CMP Rs.105 with a SL of Rs.108 and a TGT of Rs.101.
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