Canara Bank – Breakout With Retest, Momentum BuildingCANARA BANKNSE:CANBKeggubondaBullish | Timeframe: 1Y | Type: Positional Swing Chart Setup: Canara Bank has broken out of a 15-month consolidation zone above the ₹112–₹114 resistance, which acted as a neckline. Price rallied sharply from the ₹85 base, and the breakout was supported by strong volumes and momentum. The most recent candle shows a shallow retest, with an intraday dip to ₹109 followed by a strong close above the breakout zone — classic confirmation of support holding. Measured Move Target: ₹150–₹160 Invalidation / Stop Loss: Close below ₹108 Rationale: Strong price-volume structure Retest of breakout zone successful PSU banking theme in favour Momentum intact above all major moving averages Disclaimer: This idea is purely for educational purposes and reflects a technical setup based on chart patterns and price action. It is not a recommendation to buy or sell securities. PSU banks can be volatile and sensitive to macro/policy triggers. Traders should manage risk independently, use stop-loss, and size positions based on personal risk tolerance. Always do your own due diligence before taking any trade.