#CANBK looking bullish on monthly timeframe

#CANBK has given a breakout at 131 on a monthly timeframe. Upside potential: 25%+ (i.e. 164 which is the stock's all-time high). Stop loss: 127. A few things to note:

1. The sector is bullish. NIFTY PSU BANK recently gave a breakout at 8070
   
2. The stock is undervalued at a PE ratio of under 7. Company has delivered good profit growth of 61.0% CAGR over last 5 years
   
3. This is not a buy/sell recommendation. Research carefully and invest at your own risk.