Canara Bank – Wave V Completed, Time to Exit

Canara Bank has been in a strong uptrend since 3 Mar 2025, forming a clear 5-wave impulse.

Wave 1 peaked on 3 Apr 2025, followed by a simple correction in Wave 2.

Wave 3 peaked on 9 Jun 2025 and extended to a little over 2x the length of Wave 1.

Wave 4 was a zigzag correction, in line with the principle of alternation.

Wave V most likely peaked today (24 Sep 2025) at about 50% of the total length of Wave 1–3.

Internal counts align well, with sub-wave (v) of Wave 5 ending at 61.8% of sub-waves (i)–(iii).

Recommendation : Wave V looks complete. Best to exit positions or use a strict trailing stop-loss.