While the banking sector has not been doing well but Canara bank is one of those who has been out performing both index and sector over period of last 4-6 months and the stock is available at 15% discount price from the recent high it made in Nov-21. I would wait for the entry for closing to be above yesterdays candle and stop loss below 198.
Also if you look at two hour chart will notice it has started making higher high and and as second confirmation look at OBV you would find the divergence
Also if you look at two hour chart will notice it has started making higher high and and as second confirmation look at OBV you would find the divergence