CANBK - IntraDay Trade Analysis with Live Signals
Back to ListHere’s the intraday trading analysis for CANBK based on the provided parameters
IntraDay Trade Rating: 3.7
| Stock Code | CANBK | Market Cap | 1,22,463 Cr. | Current Price | 135 ₹ | High / Low | 163 ₹ |
| Stock P/E | 6.36 | Book Value | 125 ₹ | Dividend Yield | 3.11 % | ROCE | 6.55 % |
| ROE | 18.1 % | Face Value | 2.00 ₹ | DMA 50 | 134 ₹ | DMA 200 | 134 ₹ |
| Chg in FII Hold | -0.37 % | Chg in DII Hold | 0.44 % | PAT Qtr | 4,506 Cr. | PAT Prev Qtr | 5,155 Cr. |
| RSI | 53.8 | MACD | 0.25 | Volume | 1,75,40,735 | Avg Vol 1Wk | 2,71,88,666 |
| Low price | 104 ₹ | High price | 163 ₹ | PEG Ratio | 0.27 | Debt to equity | 15.2 |
| 52w Index | 53.0 % | Qtr Profit Var | -9.94 % | EPS | 21.2 ₹ | Industry PE | 8.59 |
📈 Optimal Buy Price: 133–136 ₹ (near DMA 50 & 200 support)
💰 Profit-Taking Levels: 142–148 ₹ (short-term resistance)
🛑 Stop-Loss: 130 ₹ (below immediate support)
⏳ Exit Guidance: If already holding, consider exiting intraday if RSI dips below 50 or if price fails to sustain above 134 ₹ with weakening volume. Current RSI at 53.8 and MACD at 0.25 show mild bullish momentum, but volume (1.75 Cr.) is below the 1-week average (2.71 Cr.), limiting upside strength.
✅ Positive
- EPS of 21.2 ₹ supports valuation strength.
- PEG ratio at 0.27 indicates undervaluation relative to growth.
- Dividend yield of 3.11% provides investor stability.
- DII holdings increased (+0.44%), signaling domestic institutional confidence.
⚠️ Limitation
- High debt-to-equity ratio of 15.2 increases leverage risk.
- ROCE at 6.55% is weak compared to peers.
- Quarterly profit declined (-9.94%), showing near-term weakness.
- Volume below average, reducing intraday reliability.
📉 Company Negative News
- Quarterly PAT fell (4,506 Cr. vs 5,155 Cr.), reflecting earnings pressure.
- FII holdings decreased (-0.37%), showing reduced foreign investor interest.
📊 Company Positive News
- Stable dividend yield of 3.11% supports investor confidence.
- Strong ROE at 18.1% highlights efficient equity utilization.
🏦 Industry
- Industry PE at 8.59 vs stock PE at 6.36 suggests undervaluation.
- Banking sector remains active with cyclical demand and government support.
🔎 Conclusion
CANBK is a moderate candidate for intraday trading with limited momentum. Buy near 133–136 ₹ and target 142–148 ₹ for profit-taking. Maintain strict stop-loss at 130 ₹ due to high leverage and weak ROCE. Intraday trades should be volume-confirmed, avoiding overextension unless breakout volume strengthens.
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