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.
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.