CANBK - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 3.6

🏦 Intraday Snapshot – Canara Bank (CANBK)

CANBK offers a neutral-to-cautiously-bullish setup for intraday trading today. With high liquidity, decent EPS, and strong institutional sentiment, it's worth watching closely — but with technical caution as momentum indicators show softness near key resistance levels.

📉 Technical & Momentum Outlook

Price @ ₹110 sits exactly on DMA50 and just above DMA200 (₹103) — balanced zone.

MACD (-0.30) → mildly bearish, signaling hesitation.

RSI (45.7) → below midline, limited strength unless recovery builds.

Volume (3.34 Cr) → solid, though under recent averages — liquidity sufficient for active trading.

💼 Fundamental Signals

Metric Value Interpretation

ROE / ROCE 17.8% / 6.79% Strong equity returns, lower operating

P/E vs Industry PE 5.4 vs 7.49 Undervalued relative to sector

EPS ₹18.4 Good earnings visibility

PEG Ratio 0.13 Attractive for growth-adjusted valuation

Debt/Equity 14.7 Very high leverage — risk factor

PAT Qtr Var -1.2% Slight dip in earnings

Dividend Yield 3.63% Great for investors, less relevant today

🎯 Intraday Strategy

✅ New Entry Setup

Buy Zone: ₹110–₹111 (confirm via VWAP cross or MACD histogram flattening)

Profit Targets

First: ₹112.5

Extended: ₹114 if volume exceeds 3.75 Cr by 1:00 PM

Stop Loss: ₹108.6 (just below intraday support band and below DMA50)

🕒 Exit Plan – If Already Holding

Exit is advised if

Price fails to break ₹112 by 12:45 PM IST

RSI stagnates below 47, or MACD remains negative

Volume remains under 3.5 Cr halfway through session

Ideal Exit Window: 12:30–1:15 PM IST

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