s.arun.natesh
Long

Can CANBK deliver?

NSE:CANBK   CANARA BANK
Are we late in entering Canara Bank? Or do we see more upside? The stock broke from a consolidation zone when it crossed 92 and has already moved 14% in 7 sessions. After a minor correction, the stock has resumed its bullish journey which gives us greater confidence. Wave trends also indicate a strong outlook. On the weekly chart, there's an MACD crossover. Go long above yesterday's high for a target of 135 and a SL of 97.55.

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Time frame?
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s.arun.natesh koushikgilly27
@koushikgilly27, Mid July... perhaps earlier...
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