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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 2024-06-05 View latest technical analysis

10 day averaged volume of Canara Bank is 81615561

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	115.20	115.20	116.30	104.70	1.294 times
04 Tue Jun 2024	109.85	127.80	127.80	96.20	2.453 times
03 Mon Jun 2024	128.25	124.80	128.90	122.45	1.149 times
31 Fri May 2024	118.00	116.50	119.35	114.40	3.499 times
30 Thu May 2024	115.05	116.70	117.55	114.75	0.423 times
29 Wed May 2024	116.55	116.40	118.45	115.50	0.487 times
28 Tue May 2024	115.95	117.70	118.75	115.25	0.371 times
27 Mon May 2024	117.00	118.00	118.20	115.70	0.424 times
24 Fri May 2024	117.20	118.20	118.75	116.90	0.356 times
23 Thu May 2024	117.70	116.90	118.65	116.50	0.435 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 29.3 as stoploss in an intra day buy trade for a target of 203.68. However, stock will show a bearish move below 29.3.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	111.80
Upside Target	118.75
Upside Target	128.90
Upside Target	479.35
Upside Target	529.10
Upside Target	540.70
Upside Target	562.70
Upside Target	569.00
Upside Target	598.80
Upside Target	606.30
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	97.97
Downside Intraday Target	80.73
Upside Intraday Target	130.67
Upside Intraday Target	146.13
Downside Intraday Target	113.43

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	115.20	124.80	128.90	96.20	0.941 times
31 Fri May 2024	118.00	118.00	119.35	114.40	3.195 times
24 Fri May 2024	117.20	115.40	118.75	113.60	0.646 times
18 Sat May 2024	114.50	552.00	569.00	111.80	3.145 times
10 Fri May 2024	548.15	627.15	628.95	540.70	2.686 times

Price has moved down 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
05 Wed Jun 2024	115.20	124.80	128.90	96.20	0.477 times
31 Fri May 2024	118.00	623.85	632.90	111.80	6.427 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

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

Price action analysis of Canara Bank ( (CANBK) ) based on a short to mid 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

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 losing momentum.

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

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

Canara Bank Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 116.59 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.