Wednesday, April 25, 2012

Canara Bank

                                                                             Canara Bank daily chart (click on chart to zoom)

 Canara Bank on daily chart is making higher highs and trading in upward trading channel. As per chart stock is holding itself above 20 DMA since last 3 trading sessions and trading well above 100 and 200 DMAs.
Stock can  be bought for short term target of 490.
Stop loss at 460 recommended.
CMP - 472