Long Canara Bank stock: 1st Buy Range (420 - 480) Monthly Chart of Canara Bank Why Buy Canara Bank? Technical Reasons: 1) Strong momentum 2) Breakout is there on Monthly time frame from 430 Fundamental Reasons: 1) has a good dividend yield 2) available at low valuation/ low PE. Current PE is around 6 Macro Reasons: 1) Banks NPA are low and manageable 2) India's GDP to grow around the range of 5% to 7% per year for a decade. It itself is a very positive sign for the banking sector has a whole.
This blog will provide you swing Trading picks which has reward to risk ratio greater than 3. The swing trade will have predefined stop, and Targets.