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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 2024-06-14 View latest technical analysis

10 day averaged volume of Canara Bank is 96099777

Date	Daily Closing Price	Open	High	Low	Volume
14 Fri Jun 2024	120.81	120.00	120.99	119.30	0.339 times
13 Thu Jun 2024	121.92	124.51	125.00	121.40	0.651 times
12 Wed Jun 2024	122.79	122.00	123.50	121.50	0.407 times
11 Tue Jun 2024	121.23	121.50	123.09	120.75	0.39 times
10 Mon Jun 2024	121.03	120.00	122.70	120.00	0.456 times
07 Fri Jun 2024	118.90	119.45	119.60	118.00	0.421 times
06 Thu Jun 2024	118.00	117.60	120.60	116.50	0.545 times
05 Wed Jun 2024	115.20	115.20	116.30	104.70	1.099 times
04 Tue Jun 2024	109.85	127.80	127.80	96.20	2.083 times
03 Mon Jun 2024	128.25	124.80	128.90	122.45	0.976 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 121.9 as stoploss in an intra day sell trade for a target of 118.11. However, stock will show a bullish move above 121.9.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	111.80
Downside Target	118.75
Upside Target	125.00
Upside Target	128.90
Upside Target	479.35
Upside Target	529.10
Upside Target	562.70
Upside Target	569.00
Upside Target	598.80
Upside Target	606.30
Upside Target	629.70
Upside Target	632.90

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	118.41
Downside Intraday Target	116
Upside Intraday Target	124.11
Upside Intraday Target	127.4
Upside Intraday Target	121.7

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Fri Jun 2024	120.81	120.00	125.00	119.30	0.438 times
07 Fri Jun 2024	118.90	124.80	128.90	96.20	1.159 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

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 Fri Jun 2024	120.81	124.80	128.90	96.20	0.845 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 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 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 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 neutral. A longer time frame might give a better analysis.

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 gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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

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

MRSI is in negative zone. This is the SELL 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 117.79 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 negative.

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