Canbank has approached an important zone! Watch Here

CANBANK: Recent rally in public sectors banks have been good and strong. Almost every public sector bank rallied more than 20% from their recent lows. Canbank is now hovering at a resistance point. There is a strong supply area ahead, if the stock fumbles here, there may be a small correction which may rest close to 208 -205 levels, if a breakout is successful then it can scale to 275 levels in coming months. The overall trend & sentiment is positive and healthy. RSI and MACD has not displayed any signs of weakness.