Canara Bank is in a rising trend channel in
the medium and long term. This signals
increasing optimism among investors and
indicates a continued rise. The stock has
broken a resistance level in the short term
and given a positive signal for the short-term trading range. The stock has
marginally broken up through resistance at
rupee 330. An established break predicts a
further rise. The stock is overall assessed
as technically positive for the medium-long
term.
Update
Canbank Elliott wave update CMP 323 pattern fails below 288 its in the middle of wave iii of iv of 5th which should upside 367 to 396 and to complete v of 5th final projection is coming to 438
