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Coal India, PNB: How to trade stocks that underperformed amid market rally

Canara Bank crossed the 200-day moving average (DMA) for the first after July, 2019.

Markets roar back after Budget shock; Sensex zooms 917 pts, Nifty at 11,980

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For IOCL, the overall trend is positive, till it defends the support of Rs 82 level.

3 min read Last Updated : Nov 27 2020 | 2:05 PM IST

The stock market has witnessed a stellar rebound as the benchmark indices have zoomed over 70 per cent from their respective March lows. At 01:44 PM, the S&P BSE Sensex was trading at 44,251 levels while NSE's Nifty was just shy of the crucial level of 13,000. However, amid this market rally, there have been few counters which have underperformed the market.

Here's a look at how some of the underperformers look on charts and what should be your trading strategy.

Canara Bank (CANBK): For the first time after July 2019, this counter crossed the 200-day moving average (DMA) on

Topics : Buzzing stocks Markets stocks to watch Market technicals technical analysis

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