Triangle Breakout - FII/DII Investing
Canara Bank has a strong PE ratio advantage followed by increasing stake of Institutional Investors in Sept Quarter
It recently broke out of its Traingle Pattern and has shown some upside. I recommend buy on dips and hold for gains in mid to long term.
The P/B Ratio is below 1 and there is less risk involved comparitively as PE ratio is also half of that of peers.
A strong quarterly result can also boost the share price, it might to interesting to see if a pullback from such RSI comes soon.
Note: This is only for Educational Purposes. Please do your due diligence before taking a trade position.
Keep Learning :)
It recently broke out of its Traingle Pattern and has shown some upside. I recommend buy on dips and hold for gains in mid to long term.
The P/B Ratio is below 1 and there is less risk involved comparitively as PE ratio is also half of that of peers.
A strong quarterly result can also boost the share price, it might to interesting to see if a pullback from such RSI comes soon.
Note: This is only for Educational Purposes. Please do your due diligence before taking a trade position.
Keep Learning :)
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