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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 2024-05-10 View latest technical analysis

10 day averaged volume of Canara Bank is 9954739

Date Daily Closing Price Open High Low Volume
10 Fri May 2024 548.15 550.00 557.20 540.70 0.781 times
09 Thu May 2024 545.50 563.00 568.00 542.00 1.318 times
08 Wed May 2024 557.70 579.70 598.50 554.05 2.298 times
07 Tue May 2024 576.75 595.35 596.75 572.00 0.869 times
06 Mon May 2024 591.80 627.15 628.95 588.30 1.312 times
03 Fri May 2024 625.65 632.90 632.90 619.00 0.4 times
02 Thu May 2024 628.60 623.85 631.00 623.05 0.434 times
30 Tue Apr 2024 621.95 624.50 629.70 619.05 0.817 times
29 Mon Apr 2024 620.85 622.45 624.75 614.20 0.798 times
26 Fri Apr 2024 617.60 617.25 624.40 614.10 0.599 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 541.8, for a target of 571 or 595.39

Share price targets for Canara Bank (CANBK)

Target Type Value
Downside Target 438.00
Downside Target 479.35
Downside Target 529.10
Downside Target 540.70
Upside Target 562.70
Upside Target 584.45
Upside Target 598.80
Upside Target 618.95
Upside Target 624.40
Upside Target 628.95
Upside Target 629.70
Upside Target 632.90

Intraday share price targets for Canara Bank (CANBK)

Target Type Value
Downside Intraday Target 516.25
Downside Intraday Target 484.35
Upside Intraday Target 604.5
Upside Intraday Target 660.85
Upside Intraday Target 572.6

Weekly technical analysis of Canara Bank (CANBK)

Date Weekly Closing Price Open High Low Volume
10 Fri May 2024 548.15 627.15 628.95 540.70 2.686 times
03 Fri May 2024 625.65 622.45 632.90 614.20 0.637 times
26 Fri Apr 2024 617.60 585.05 624.40 584.45 1.417 times
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

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
10 Fri May 2024 548.15 623.85 632.90 540.70 0.566 times
30 Tue Apr 2024 621.95 585.45 629.70 562.70 0.969 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

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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 and the sell signal is strong.

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 moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 582.06 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.

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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 and the sell signal is strong.

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 moving up

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

RSI is generating a SELL signal in short term and selling is picking up 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 582.06 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.

Click here for Canara Bank charts

Click here for further forecast and predictions for tomorrow

Daily charts

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