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CANBK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.8
| Stock Code | CANBK | Market Cap | 1,32,749 Cr. | Current Price | 146 ₹ | High / Low | 161 ₹ |
| Stock P/E | 6.81 | Book Value | 125 ₹ | Dividend Yield | 2.71 % | ROCE | 6.79 % |
| ROE | 18.2 % | Face Value | 2.00 ₹ | DMA 50 | 148 ₹ | DMA 200 | 129 ₹ |
| Chg in FII Hold | 2.72 % | Chg in DII Hold | -1.76 % | PAT Qtr | 5,155 Cr. | PAT Prev Qtr | 4,774 Cr. |
| RSI | 35.7 | MACD | -0.38 | Volume | 2,78,37,955 | Avg Vol 1Wk | 4,43,87,097 |
| Low price | 78.6 ₹ | High price | 161 ₹ | PEG Ratio | 0.15 | Debt to equity | 14.7 |
| 52w Index | 82.4 % | Qtr Profit Var | 25.6 % | EPS | 21.7 ₹ | Industry PE | 7.64 |
📊 Technical Analysis
- Chart Patterns: Stock consolidating below resistance (161 ₹) after rally from 78.6 ₹, showing sideways movement.
- Moving Averages: Current price (146 ₹) below 50 DMA (148 ₹) but above 200 DMA (129 ₹), indicating medium-term bullish trend but short-term weakness.
- RSI: At 35.7, near oversold zone, suggesting potential rebound.
- MACD: Negative (-0.38), confirming weak short-term momentum.
- Bollinger Bands: Price near lower band, signaling possible support zone.
- Volume Trends: Current volume (2.78 Cr) below 1-week average (4.43 Cr), showing reduced participation.
📈 Momentum & Signals
- Short-term Momentum: Weak due to negative MACD and low RSI.
- Support Levels: 142 ₹ (near-term), 129 ₹ (200 DMA).
- Resistance Levels: 150 ₹ (short-term), 161 ₹ (major resistance).
- Optimal Entry Zone: 140–145 ₹ (close to support).
- Optimal Exit Zone: 155–160 ₹ (near resistance).
- Trend Status: Consolidating with mild bearish bias in short term.
✅ Positive
- Low P/E (6.81) compared to industry PE (7.64), indicating undervaluation.
- Strong ROE at 18.2% reflects efficient capital usage.
- Quarterly PAT growth (5,155 Cr vs 4,774 Cr) shows improving profitability.
- PEG ratio of 0.15 suggests attractive valuation relative to growth.
⚠️ Limitation
- High debt-to-equity ratio (14.7) raises financial risk.
- ROCE at 6.79% is relatively modest.
- Short-term weakness indicated by RSI and MACD.
📉 Company Negative News
- High leverage could pressure margins in rising interest rate environment.
- DII holdings decreased (-1.76%), showing reduced domestic institutional confidence.
📈 Company Positive News
- Quarterly profit variation of 25.6% highlights strong growth momentum.
- FII holdings increased (+2.72%), showing foreign investor confidence.
🏭 Industry
- Banking sector supported by credit growth and government initiatives.
- Industry