Chart Check from Emkay Global for April 26: Canara Bank, ICICI Bank

We have compiled technical recommendations from Dharmesh Patel, Technical Analyst, Emkay Global Financial Services for today.

1) Canara Bank is a 'SELL" call with a target of Rs 416 and a stop loss of Rs 467

Canara Bank:

Sell: The stock has broken its rising trend line and currently price is trading below the previous pivotal point. Also, the stock has reversed after finding resistance at the 50-DMA. Short term momentum is in declining mode. Sell for the target of 416. Maintain a stop loss of 467.

2) ICICI Bank is a 'SELL' call with a target of Rs 783 and a stop loss of Rs 870

Sell: The stock has broken its important floor of 850 odd levels and since last three days it is closing below that floor. Momentum is also favouring the bearish breakdown. Sell for the target of 783, keeping a stop loss at 870.