Jane Street to Challenge SEBI’s Rs 4,843 Crore Ban Over “Index Arbitrage” Trades
Stocktwits - Canara Bank (NSE:CNBK) stock has a 15% upside potential if entry is made at ₹105, according to SEBI-registered analyst Kavita Agrawal.
The analyst describes the stock as a “supertrender,” meaning it tends to sustain long rallies once it turns bullish. She believes the current price action signals a potential breakout ahead.
While there could be a minor dip in the stock price in the short term, it does not indicate a trend reversal, but rather a healthy correction, Agrawal added.
For a swing-trade setup, she identified the ₹102-₹105 zone as the ideal entry price, with a target price of ₹120, an 11.1% premium to the current price of ₹108, and stop loss at ₹101.45.
For traders seeking a momentum-based approach, Agrawal suggests entering at ₹107 with a target of ₹121. She cautioned a stop loss at the entry point of ₹107.
The stock has a risk-reward ratio of 1:4, the analyst added. With a potential upside of around 15%, Canara Bank stands out as a high-conviction swing trade candidate.
At the time of writing, Canara Bank’s shares were up 3.1%.
Fundamentally, Canara Bank delivered strong quarterly results, reporting a 33% jump in standalone net profit, a 7.6% increase in interest income, and a 57 basis point improvement in net non-performing assets (NPA).
Retail sentiment on Stocktwits turned ’bearish’ from ’neutral’ a day earlier.
CANBK’s Sentiment Meter and Message Volumes as of 12:40 pm IST on June 20, 2025 | Source: StocktwitsOver the past three months, the stock has seen a healthy growth of nearly 26%. Year-to-date, the shares were up 7.8%
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