Canara Bank technical analysis

According to the latest Pivot data, Canara Bank’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹106, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹107.4, ₹109.9, and ₹111.3, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹103.5, ₹102.1, and ₹99.6, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Canara Bank’s price movement.