Canara Bank - VCP breakout
Its the time of the PSU's. With reforms in the sector like a bad bank +IBC most PSU's are recovering a lot of money.
Have been bullish and shared this co since 150's..
Long at CMP..the stock has had a nice breakout after a VCP..
As i think this is a company worth holding for many years going forward SL of 147.
PSU banks trade at half their book value which is insanely low for banks with a net NPA level of sub .5%.
Have been bullish and shared this co since 150's..
Long at CMP..the stock has had a nice breakout after a VCP..
As i think this is a company worth holding for many years going forward SL of 147.
PSU banks trade at half their book value which is insanely low for banks with a net NPA level of sub .5%.
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