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Canarabank

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
Public Sector (PSU) Banks at SupportAfter a stellar half decade post Covid, the shares of Public Banks have shown signs of exhaustion. But, the underlying companies are in good financial shape and posting record top and bottom lines. I still believe there is a lot of steam left in the like of Canara, BoB and SBI. I can see these stocks and the whole index turning back and hitting record highs in future. The idea shared is not a buy/sell recommendation. It is aimed at spreading awareness and help retail traders be more informed of the opportunities. This should not be taken as the basis of any financial commitments.
NSE:CNXPSUBANKLong
by Gaurav_Singh_5705
1
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
CANARABANK - WEEKLY TIME FRAMEThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart). Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves. we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle. Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price. Keep it simple, keep it Unique. please keep your comments useful & respectful. Thanks for your support.... Tradelikemee Academy
NSE:CANBKLong
by Tradelikemee
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