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Canara

Canara Bank can become a cool Investment. Canara Bank engages in the provision of commercial banking and financial services. It operates through the following segments: Treasury, Corporate or Wholesale Banking, Retail Banking, and Other Banking Business. Canara Bank CMP is 109.30. The positive aspects of the company are cheap Valuation (P.E. = 6.3), Company with Zero Promoter Pledge, Mutual Funds Increased Shareholding over the Past Two Months, Dividend yield greater than sector dividend yield, Annual Profit Growth higher than Sector Profit Growth and Rising Net Cash Flow and Cash from Operating activity. The Negative aspects of the company are High Interest Payments Compared to Earnings, Stocks Underperforming their Industry Price Change in the Quarter and MFs decreased their shareholding last quarter. Entry can be taken after closing above 109.75. Targets in the stock will be 113, 117 and 122. The long-term target in the stock will be 124 and 129. Stop loss in the stock should be maintained at Closing below 100. Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:CANBKLong
by Happy_Candles_Investment
Canara Bank Can start after consolidation.Canara Bank engages in the provision of commercial banking and financial services. It operates through the following segments: Treasury, Corporate or Wholesale Banking, Retail Banking, and Other Banking Business. Canara Bank CMP is 112.77 The positive aspects of the company are low Valuation (P.E. =6.5), Annual Profit Growth higher than Sector Profit Growth, Increasing profits every quarter for the past 2 quarters, Company with Zero Promoter Pledge, Mutual Funds Increased Shareholding over the Past Two Months and FII / FPI or Institutions increasing their shareholding. The share has good dividend yield of 2.9% at CMP. The Negative aspects of the company is that the stocks is underperforming their Industry Price. Entry can be taken after closing above 114 Targets in the stock will be 117 and 122. The long-term target in the stock will be 124 and 129. Stop loss in the stock should be maintained at Closing below 105. The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
NSE:CANBKLong
by Happy_Candles_Investment
Canara Bank Trend AnalysisThe bank merged with Syndicate bank effective from 1st April 2020. Post merger, it became the 4th largest PSU bank in India. Then its branch network increased by 4,000 branches and 4,500 ATMs. Presently, the bank operates 10,500 branches and 13,000 ATMs across India. It also operates 5 international branches in overseas countries. 45% of its branches are located in southern region of India and 60% of its branches are located in rural and semi-urban parts of India. Significant Subsidiaries Operations: 1. Canara Robeco Asset Management Co Ltd (51% stake) 2. Canara Bank Securities Ltd 3. Canara HSBC OBC Life Insurance Company Ltd (51% stake) 4. CanFin Homes Ltd (30% stake) For details, visit www.screener.in Capital Adequacy Ratio - 13.69% Net Interest Margin - 2.80% Gross NPA - 7.46% Net NPA - 2.64% CASA Ratio - 33.41% Book value - 386 Technically chart is forming a potential Cup with Handle pattern. Best to accumulate around 140-160 levels for the following targets: Medium term swing target @ 315 (110% ROI with 5.5 R:R) Long term positional target @ 480 (220% ROI with 11 R:R) Long term positional target @ 600 (300% ROI with 15 R:R) Stop loss optional @ 120 Do your own due diligence before taking any action. Peace!!
NSE:CANBKLong
by Swastik24
2
CANARA Bank - BoD consider fund raise on 10July - LevelNews: Canara Bank cut MCLR while BoD to consider fund raising on 10 July #CanaraBank #CANBK is moving between 20EMA as support and 100EMA as resistance. After touching 100EMA on 24th June 2020 stock shown bearish move but after yesterday news stock received High volume. Till 10 July BoD meeting, stock will show +ve sentiments. Aggresive New long buildup can see. Stock was moving under Bollinger Band and started consolidating but yesterday news had given move hence today stock opened above mid bollinger band and crossed the upper bollinger band and closed below. Showing Bullish in all indicator: CCI is trending UP Stoch %K crossed above %D from below DI+ crossing 25 from below PSAR indicating Bullish reversal RSI is trending UP Aggresive New Long Stock outperforming from Benchmark and sectrol index on 1 week and 3 month both ---------------------------------------------------------- Support : 99 Breakdown : 103 CMP : 109 Breakout : 112 Short Target : 115 and 122 ---------------------------------------------------------- Negative Point: 1) Bearish in weekly and monthly chart. ---------------------------------------------------------- (Disclaimer: This is only for educational purpose.)
NSE:CANBKLong
by singajai
BSE: CANBK: Correction is due and expected to complete at 276Talking Points: Technical Strategy: Hold and Buy lower Elliottwave Count: Correction HTG Note: Current price action on Canara Bank (BSE: CANBK) is trading bullish move. However, script was in correction after break on monthly trend line. All PSU bank showing correction in bullish move. We are expecting correction will be on flat correction and should be completed on 276-275 zone. Action We are on sideline after booked our loss with 1 rupee on 290 level. Team is looking for lower level, possibly 276 to re-initiate our longs with limited risk. -- By @hoagtrading (Hoagtrading.com) Disclaimer: The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Trading foreign exchange or stocks on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange or stock advise you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and stock trading and seek advice from an independent financial advisor if you have any doubts. Opinions expressed at Hoagtrading.com do not necessarily represent the trading advice of Hoagtrading.com or its management..Any opinions, news, research, analyses, prices or other information contained on this website, by HTG (Hoagtrading.com) provided as general market commentary and does not constitute investment advice. Hoagtrading.com (HTG) will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
BSE:CANBK
by Hoag