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Canarabankanalysis

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 BANKCanara bank stock has given breakout with good intensity of volume in both daily and weekly time frame, as the banking stocks started to pick up pace, canara bank's price action along with indicators had confirmed positive trend ahead, on monthly basis it had made high then higher low, then higher high again higher low, and on weekly basis wave structure suggests same trend ahead as impulse, this indicates that this stock can be a good to go long at these levels or in dips (if any) with stoploss of 147, all the key levels are mentioned in chart with Stop-loss and targets. Wave Structure Key Levels are Mentioned on chart Breakout with good intensity of volume Zoom in Daily time frame Macd in monthly bullish Macd in Weekly Uptick and also above zero line Macd in daily positive crossover and Uptick and also above zero line Rsi in monthly uptick Rsi in Weekly Uptick at 60 Price near upper bollinger band in Weekly Dmi adx also positive Ungali setup in Weekly and daily All three emas are positive in daily Stochastic is positive and Uptick and also having good space to go in Weekly Stochastic in daily positive crossover and Uptick and also having good space to go Disclaimer. I am not sebi registered analyst. My studies are Educational purpose only. Consult with your Financial advisor before trading or investing.
NSE:CANBKLong
by RK_Chaarts
2