#CANBK Canara Bank is showing strong potential,especially with the PSU Banking Index nearing a breakout on the upside. A break above this trendline could signal a prime opportunity to add Canara Bank to your portfolio. Investors and positional traders may consider entering at the current levels, as the PSU banking sector has been in a correction phase for nearly a year and now appears ready for a rally. This setup makes Canara Bank an attractive choice for those seeking to benefit from the anticipated upside in the PSU banking stocks.
CANBK For Canara Bank (CANBK) on the 1-hour timeframe, here are the key support and resistance levels:
Support Levels: First Support (S1): Around ₹310 Second Support (S2): Around ₹305 Resistance Levels: First Resistance (R1): Around ₹320 Second Resistance (R2): Around ₹325 These levels are based on recent price action and technical indicators