Canara Bank (1H)

Technical Analysis Trend: Strong intraday uptrend followed by healthy pullback. Move: Sharp impulse from ₹148 → ₹157, then retracement. Current Structure: Price holding above ₹154–155 short-term support. Pattern: Pullback is orderly — no panic selling or breakdown signs. Bias: As long as ₹148–150 holds, structure remains bullish. Key Levels: Support: ₹154 → ₹150 → ₹148 Resistance: ₹156.5 → ₹158 Fundamental Analysis Business: Large PSU bank with improving asset quality and credit growth. Earnings: Profitability improved due to lower NPAs and better margins. Sector Trend: PSU banks in structural recovery phase with strong balance sheet clean-up. Summary View Short-term cooling in an overall strong uptrend backed by improving fundamentals