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 ₹152.35, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹156.29, ₹158.44, and ₹162.38, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹150.2, ₹146.26, and ₹144.11, 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.