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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 2024-04-19 View latest technical analysis

10 day averaged volume of Canara Bank is 5879657

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	578.75	575.00	584.40	562.70	1.61 times
18 Thu Apr 2024	583.45	588.90	594.85	581.30	0.878 times
16 Tue Apr 2024	584.05	588.00	595.50	580.20	1.076 times
15 Mon Apr 2024	593.10	598.00	605.95	587.55	1.027 times
12 Fri Apr 2024	605.85	608.55	616.70	604.90	0.799 times
10 Wed Apr 2024	612.90	609.65	616.50	607.60	0.792 times
09 Tue Apr 2024	608.15	614.00	615.85	603.70	0.613 times
08 Mon Apr 2024	612.45	618.95	618.95	607.10	0.646 times
05 Fri Apr 2024	615.00	609.40	618.80	606.30	1.364 times
04 Thu Apr 2024	607.40	614.70	614.75	602.30	1.317 times

My analysis of stock is bearish for shortterm, and stock might move down till 567 or till 542.7. Use a stoploss of 587.27 and if the stock hits stoploss, then it can shoot up till 607.52

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	603.70
Upside Target	605.95
Upside Target	606.30
Upside Target	618.80
Upside Target	618.95

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	558.98
Downside Intraday Target	539.22
Upside Intraday Target	602.23
Upside Intraday Target	625.72
Upside Intraday Target	582.47

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	578.75	598.00	605.95	562.70	1.611 times
12 Fri Apr 2024	605.85	618.95	618.95	603.70	0.52 times
05 Fri Apr 2024	615.00	585.45	618.80	583.30	1.631 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Canara Bank (CANBK)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	578.75	585.45	618.95	562.70	0.565 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 down 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 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 short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Canara Bank in short term but the sell signal is initial and weak.

Canara Bank Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Canara Bank in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 598.53 and Canara Bank (CANBK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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