CANBK - IntraDay Trade Analysis with Live Signals

Last Updated Time : 05 Nov 25, 7:43 am

IntraDay Trade Rating: 4.5

📈 Strong momentum, breakout potential, and favorable valuation make CANBK a high-conviction intraday candidate.

💡 Optimal Buy Price: ₹139

🎯 Profit Target: ₹145 | Stop Loss: ₹136

⏱️ If already holding, consider exiting near ₹145 or if price dips below ₹136 with rising volume.

📈 Positive

• 📊 MACD at 4.45 confirms bullish momentum
• 📈 RSI at 75.8 signals strong buying interest, nearing overbought zone
• 📍 Price is above both DMA 50 and DMA 200 (₹123 & ₹111), confirming trend strength
• 📈 PAT improved from ₹4,752 Cr. to ₹4,774 Cr. (+18.9%)
• 📈 FII and DII holdings increased (+0.51% and +0.82%), showing institutional confidence
• 📉 Attractive P/E of 6.80 vs. Industry PE of 8.08 and PEG ratio of 0.15 suggest undervaluation

⚠️ Limitation

• 📉 Debt-to-equity ratio of 15.0 is high, typical for banks but still a risk factor
• 🔇 Volume (3.60 Cr.) is below 1-week average (6.35 Cr.), slightly limiting intraday volatility
• 📉 ROCE of 6.79% is modest compared to ROE of 18.2%

🚫 Company Negative News

• 📉 No major negative headlines, but high leverage and RSI nearing overbought levels warrant caution

✅ Company Positive News

• 📈 Strong quarterly earnings and institutional accumulation support bullish sentiment

🏦 Industry

• 💳 Operates in the public sector banking space
• 📊 Trades at a discount to Industry PE (6.80 vs. 8.08), offering relative value

🧾 Conclusion

• CANBK offers a high-probability intraday setup with breakout potential and strong fundamentals
• Best suited for momentum-based trades with disciplined stop-loss
• Watch for RSI crossing 78 and price action near ₹145 for exit signals

I can also compare CANBK’s setup with peers like BANKBARODA or PNB to help you identify stronger breakout candidates.