A TECHNICAL UPDATE ON CANARA BANK –23.2.2026

 

CANARA BANK

Open—149.20--High—154.50—Low—148.41—Close—154.15 on 20.2.2026.

Technically it is on a strong footing and looks good for the continuation of the up-move, but to keep the up-momentum going in the year-2026 it has to sustain above 158---155—154.91 on the closing basis and it is below it now and if it sustain below it then it may start to drift down further and may seek lower levels. But please note that moving down as long as it holds 138.05 on the closing basis then the chances of re-testing its all-time high of 168.84 will still be alive, else it may drift down further.

Similarly moving up ,it may get back into up-momentum track again once it closes above the range of  154.91—155—158 and sustain but it may have an accelerated up-move only once it moves above 168.84 and sustain on the closing basis and if it does that then the broad upside target could be 175---198---211—228---234—264.

In view of the above observation one can structure their trade or investment accordingly.

NOTE: - It is a technical assessment of the stock as of now, the technical interpretation changes with the price movement and time, therefore it has to be reviewed at regular intervals, furthermore  investors are advised to look into fundamental, financial details of the company because that too keeps on changing and last but not the least management perception for the future of the company before taking investment decision.

Disclaimer:-The view expressed here are solely of the author and he is not at all responsible in any way for the outcome of the trade you enter based on the above view. It is for the educational purpose.

 

Kindly note that make your cost your stop loss in favorable trade and then trail it as the price move up/down to gain maximum profit and avoid losses. Use support and resistance levels as entry, exit, target and trailing stop loss points. DO NOT TRADE WITHOUT STOP LOSS.

Note: Price stated here are of spot market.

                          Contact me for strategic guidance to enter and exit trade.

 Thanks 

Narendra Kumar Surana

suranank@gmail.com

Mobile—8240951127/9831313654.