CANBK - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 4.3

📊 Intraday Trading Analysis for CANBK

✅ Is CANBK a Good Intraday Candidate?

Yes — strong setup. CANBK shows bullish momentum, high liquidity, and solid fundamentals, making it a compelling intraday candidate today

Momentum Indicators

RSI at 64.4: Bullish — nearing overbought, but still in breakout territory.

MACD at +1.37: Positive crossover — confirms upward momentum.

Price Action

Trading above DMA50 (₹110) and DMA200 (₹105) — strong bullish structure.

Current price (₹115) is just below 52-week high (₹119) — potential breakout zone.

Volume

Current volume (2.93 crore) is significantly above 1-week average (2.10 crore) — strong liquidity and trader interest.

Fundamentals

ROE (18.2%) — strong shareholder returns.

PAT of ₹4,752 Cr. — robust earnings.

P/E (5.86) vs industry PE (7.91) — undervalued.

PEG ratio (0.13) — extremely attractive for growth.

Dividend yield (3.47%) — adds defensive appeal.

Debt-to-equity (15.2) — typical for banking, not a concern.

🎯 Optimal Buy Price (Fresh Entry)

Buy Zone: ₹113–₹115

Entry near current price with tight stop-loss.

📈 Profit-Taking & 📉 Loss Protection

Target 1: ₹117.5 (minor resistance)

Target 2: ₹119.5 (52-week high breakout)

Stop-Loss: ₹111.5 (below DMA50 and intraday support)

🕒 If You Already Hold Today

Exit on Strength

If price breaks ₹117.5 with rising volume and RSI > 66, trail stop-loss to ₹115 and aim for ₹119.5.

Exit on Weakness

If price dips below ₹111.5 and MACD flattens or turns negative, consider exiting to protect gains.

⚠️ Final Take

CANBK is a high-conviction intraday play today. Strong technicals, volume, and valuation support upside potential. Ideal for breakout scalping or momentum-based trades with disciplined exits.

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