''Traders can buy Canara Bank at on dips to Rs 452 for a target of Rs 488 with a strict stop loss placed below Rs 437 from perspective of 4-5 weeks,'' said Rahul Randeria, technical analyst, IDBI Capital.
"Yesterday, Canara Bank has formed a high wave candle on the daily charts. The stock has witnessed a flag pattern breakout with positive momentum averages. On the oscillator's front; RSI & MACD are placed with a positive signal on the daily charts,'' said Randeria.
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