Investors have paid higher prices over time to buy Canara Bank and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise.
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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 support at rupee 272 and resistance at rupee 336. The stock is overall assessed as technically positive for the medium long term. >