positive
Canara Bank Shows Bullish Momentum Following Cup & Handle Breakout
Canara Bank has seen a significant bullish breakout after completing a Cup & Handle pattern, signaling a strong upward trend. The stock is supported by positive MACD momentum, and analysts are recommending a buy with a target price of Rs 160 and a stop-loss at Rs 144. The breakout indicates sustained buying interest, with the potential for further gains in the medium term. Investors should consider entering at current levels and hold for an anticipated rise, assuming the trend continues.
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positive
Canara Bank Shows Bullish Momentum Following Cup & Handle Breakout
Canara Bank has seen a significant bullish breakout after completing a Cup & Handle pattern, signaling a strong upward trend. The stock is supported by positive MACD momentum, and analysts are recommending a buy with a target price of Rs 160 and a stop-loss at Rs 144. The breakout indicates sustained buying interest, with the potential for further gains in the medium term. Investors should consider entering at current levels and hold for an anticipated rise, assuming the trend continues.
Explore:Mutual Fund Home
1 min read
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Canara Bank’s bullish breakout from the Cup & Handle pattern targets Rs 160, with a stop-loss at Rs 144 for traders.
Canara Bank has seen a significant bullish breakout after completing a Cup & Handle pattern, signaling a strong upward trend. The stock is supported by positive MACD momentum, and analysts are recommending a buy with a target price of Rs 160 and a stop-loss at Rs 144. The breakout indicates sustained buying interest, with the potential for further gains in the medium term. Investors should consider entering at current levels and hold for an anticipated rise, assuming the trend continues.
Canara Bank has seen a significant bullish breakout after completing a Cup & Handle pattern, signaling a strong upward trend. The stock is supported by positive MACD momentum, and analysts are recommending a buy with a target price of Rs 160 and a stop-loss at Rs 144. The breakout indicates sustained buying interest, with the potential for further gains in the medium term. Investors should consider entering at current levels and hold for an anticipated rise, assuming the trend continues.
Companies:
Canara Bank
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Canara Bank
Cup & Handle
Canara Bank
Cup & Handle
stock analysis
bullish breakout
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