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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 2024-05-14 View latest technical analysis

10 day averaged volume of Canara Bank is 10035978

Date	Daily Closing Price	Open	High	Low	Volume
14 Tue May 2024	566.55	555.40	569.00	553.55	0.919 times
13 Mon May 2024	549.35	552.00	555.00	532.00	1.046 times
10 Fri May 2024	548.15	550.00	557.20	540.70	0.775 times
09 Thu May 2024	545.50	563.00	568.00	542.00	1.307 times
08 Wed May 2024	557.70	579.70	598.50	554.05	2.279 times
07 Tue May 2024	576.75	595.35	596.75	572.00	0.862 times
06 Mon May 2024	591.80	627.15	628.95	588.30	1.301 times
03 Fri May 2024	625.65	632.90	632.90	619.00	0.396 times
02 Thu May 2024	628.60	623.85	631.00	623.05	0.431 times
30 Tue Apr 2024	621.95	624.50	629.70	619.05	0.81 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 563.9 as stoploss in an intra day buy trade for a target of 590.25. However, stock will show a bearish move below 563.9.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	438.00
Downside Target	479.35
Downside Target	529.10
Downside Target	562.70
Upside Target	584.45
Upside Target	598.80
Upside Target	606.30
Upside Target	614.20
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	542.7
Downside Intraday Target	518.85
Upside Intraday Target	579.7
Upside Intraday Target	592.85
Downside Intraday Target	555.85

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Tue May 2024	566.55	552.00	569.00	532.00	0.301 times
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

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
14 Tue May 2024	566.55	623.85	632.90	532.00	0.718 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Canara Bank stock for short term is SELL. Signal strength is Strong and stock is losing 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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Canara Bank in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 572.15 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 positive

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