Sell Canara Bank around 430, stop-loss of 445 and target price of 422 and 405 Rs.

Canara Bank has appreciated by 40% in the last one month. Since last one week though, it is facing resistance at around 430-440 range. The chart also shows a long term resistance in this range. 

Technically, RSI is also close to 80 which indicates over-bought situation.

From the current levels, the stock likely to fall down to 400 levels on the account of profit booking and hence, recommends sell.

One may sell Canara Bank at around 435 with stop-loss of 446 and target levels of 422 and 405.