🏦 Canara Bank — Pullback Looks Healthy Within Uptrend

rebounded +2.35% to ₹146.2, showing early signs of recovery after a brief correction in PSU banks. Sector Context: PSU banking space saw profit booking post the recent rally, but underlying credit growth and NIM guidance remain supportive. Banking liquidity conditions are stable; Q3 credit growth expected around 13–14%. Technical View: Stock is attempting to recover from short-term support near ₹141. 9-EMA at ₹147 acts as immediate resistance; a breakout above that could resume the uptrend. RSI improving from 53, indicating reversal from mild oversold territory. Outlook: Healthy pullback within an established uptrend — base formation near ₹140–₹142 looks strong. Medium-term target remains ₹155–₹160. 🏦 Tone: Positive bias; suitable for gradual accumulation.