Is Canara Bank technically bullish or bearish?

Oct 06 2025 08:10 AM IST
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As of October 3, 2025, the technical trend is bullish with strong indicators like a bullish MACD and moving averages, though caution is advised due to a bearish RSI on the monthly timeframe.
As of 3 October 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with strong indicators supporting this view. The MACD is bullish on both the weekly and monthly time frames, while the Bollinger Bands also indicate bullish momentum on both time frames. The daily moving averages are bullish, reinforcing the positive trend. However, the RSI shows a bearish signal on the monthly, which suggests some caution. The KST and Dow Theory are mildly bearish and mildly bullish respectively on the weekly and monthly, indicating mixed signals but overall support for the bullish trend. The stock has shown strong returns compared to the Sensex across multiple time frames, further solidifying the bullish outlook.
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