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(CANBK) Canara Bank complete technical analysis [charts+indicators] | Buy/Sell Canara Bank | (CANBK) share price targets

Complete technical analysis of Canara Bank (CANBK) by charts plus indicators, forecast predictions and share price targets for Canara Bank (CANBK)

Canara Bank trades in NSE in Banks sector.

Showing technical analysis as on 2024-04-01 View latest technical analysis

10 day averaged volume of Canara Bank is 6518343

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	589.05	585.45	590.35	583.30	0.604 times
28 Thu Mar 2024	581.05	568.15	587.80	568.10	1.589 times
27 Wed Mar 2024	564.25	571.85	574.70	562.35	0.677 times
26 Tue Mar 2024	571.85	571.95	574.65	567.30	0.762 times
22 Fri Mar 2024	573.15	563.90	577.50	563.45	0.893 times
21 Thu Mar 2024	563.90	560.00	568.50	558.00	0.853 times
20 Wed Mar 2024	551.05	549.90	554.35	535.55	0.929 times
19 Tue Mar 2024	548.40	552.70	555.80	546.15	0.655 times
18 Mon Mar 2024	553.05	550.00	556.00	545.10	0.768 times
15 Fri Mar 2024	549.15	547.00	554.00	529.75	1.462 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 591.4 as stoploss in an intra day sell trade for a target of 571.96. However, stock will show a bullish move above 591.4.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	405.00
Downside Target	438.00
Downside Target	454.70
Downside Target	479.35
Downside Target	529.10
Downside Target	562.35
Downside Target	577.50
Upside Target	590.35
Upside Target	598.80
Upside Target	602.40
Upside Target	606.30

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	584.78
Downside Intraday Target	580.52
Upside Intraday Target	591.83
Upside Intraday Target	594.62
Downside Intraday Target	587.57

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	589.05	585.45	590.35	583.30	0.199 times
28 Thu Mar 2024	581.05	571.95	587.80	562.35	0.739 times
22 Fri Mar 2024	573.15	550.00	577.50	535.55	0.582 times
15 Fri Mar 2024	549.15	597.95	602.40	529.10	1.4 times
07 Thu Mar 2024	597.95	588.80	606.30	584.00	0.652 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Canara Bank (CANBK)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Mon Apr 2024	589.05	585.45	590.35	583.30	0.029 times
28 Thu Mar 2024	581.05	570.00	606.30	529.10	0.56 times
29 Thu Feb 2024	564.45	483.00	598.80	479.35	1.345 times
31 Wed Jan 2024	482.00	440.50	485.00	438.00	1.206 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Canara Bank (CANBK)

Price action analysis of Canara Bank ( (CANBK) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Canara Bank ( (CANBK) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Canara Bank ( (CANBK) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Canara Bank stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Canara Bank in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Canara Bank Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Canara Bank in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Canara Bank is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 564.45 and Canara Bank (CANBK) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Canara Bank (CANBK) stock. Volume based technical analysis of Canara Bank (CANBK) stock is negative.

Canara Bank Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.