Buy Canara Bank above Rs 435; target Rs 449: IIFL
IIFL is bullish on Canara Bank and has recommended buy rating on the stock with a target price of Rs 449 and stop loss of Rs 428, in its October 19, 2012 research report.
October 19, 2012 / 13:19 IST
IIFL is bullish on Canara Bank and has recommended buy rating on the stock with a target price of Rs 449 and stop loss of Rs 428, in its October 19, 2012 research report.
“Canara Bank, after a spectacular rally in September 2012 from Rs310-456, stock has consolidated and created a strong base around Rs422 in last three weeks. The above level coincides with 200-DMA, suggesting strength in the counter. The breakout was visible on the intra-day chart and was backed with positive crossover on the daily RSI. (Duration 4 days), says IIFL research report.Public holding more than 90% in Indian cos Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.To read the full report click on the attachment 
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