🏦 CANARA BANK | ₹136.9 ▲ +3.1%

extended its upward momentum, gaining over 3% to hit a new 52-week high amid broad-based strength in PSU banks. The rally reflects improving asset quality, consistent loan growth, and sustained profitability in Q2 FY26, supported by a robust credit cycle and rising net interest income (NII). Technical View: Price has broken above the ₹132 resistance zone with strong volumes (~80M shares). The stock trades well above its 14-EMA (₹129), maintaining a higher-high, higher-low structure. RSI (14) at 73.2 signals strong bullish momentum — mildly overbought but healthy. Support: ₹130 – ₹128 | Resistance: ₹140 – ₹145 Bias: Bullish; dips may attract fresh buying near ₹130. Fundamental View: Q2 profit rose sharply on improved NIMs and lower credit costs. GNPA and NNPA ratios have improved sequentially, reflecting better asset quality. Advances growth in retail and MSME segments continues to support profitability. PSU banking re-rating remains in focus; valuations remain attractive vs. peers. Analysts maintain a positive outlook, with near-term targets around ₹145–₹150. Summary: Canara Bank remains in a strong uptrend backed by improving fundamentals and sectoral momentum. Sustaining above ₹130 could open the next leg toward ₹145+.