CANBK: Healthy Retest Before the Next Leg Up?Canara BankNSE:CANBKLalitGurnaniCanara Bank is currently hovering around 157, showing some consolidation near its recent 52-week highs. While the long-term structure remains bullish, the price action suggests a short-term "liquidity grab" is likely before the next major breakout. The Setup: CMP: 157 Retest Zone: I am looking for a pullback to the 138–136 level. The Move: A successful retest of the 138 bottom will shake out weak hands and provide the fuel needed for a fresh rally. Targets: Once the support at 138 is confirmed, expect a swift recovery to: Target 1: 160 (Previous Resistance) Target 2: 165+ (New Lifetime Highs) Bottom Line: Don't chase at 157. Patiently waiting for the 138 retest offers a much better Risk-to-Reward ratio for the move toward 160+. Disclaimer: For educational purposes only. Trade at your own risk.