CANBK

gave a breakout of channel

Shares of

is trading above the Resistance line that it has respected since a year now, after it's publishment of annnual and quarterly results for FY 25. It is slightly down on quarterly basis but has definitely surprised investors with annual performance of ~15% rise in Net Profit. Technicals also suggests an impending rally. We recommend buying the stock after potential downside with Stoploss below Rs. 100 and a possible target of Rs. 112(~8%) and 122(~17.37%) achievable for short term in 1-2 months and for mid-term in 3-6 months if all things go normal.