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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 2024-06-24 View latest technical analysis

10 day averaged volume of Canara Bank is 38686995

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	118.27	118.00	121.57	116.21	1.143 times
21 Fri Jun 2024	119.12	121.30	121.79	118.50	0.834 times
20 Thu Jun 2024	121.20	121.50	122.20	120.93	0.492 times
19 Wed Jun 2024	121.16	121.89	122.85	120.61	1.179 times
18 Tue Jun 2024	121.88	121.85	122.50	121.32	0.877 times
14 Fri Jun 2024	120.81	120.00	120.99	119.30	0.842 times
13 Thu Jun 2024	121.92	124.51	125.00	121.40	1.616 times
12 Wed Jun 2024	122.79	122.00	123.50	121.50	1.011 times
11 Tue Jun 2024	121.23	121.50	123.09	120.75	0.97 times
10 Mon Jun 2024	121.03	120.00	122.70	120.00	1.133 times

My analysis of stock is bearish for shortterm, and stock might move down till 115.4 or till 111. Use a stoploss of 119.11 and if the stock hits stoploss, then it can shoot up till 122.81

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	111.80
Downside Target	114.40
Upside Target	128.90
Upside Target	479.35
Upside Target	529.10
Upside Target	562.70
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	115.8
Downside Intraday Target	113.32
Upside Intraday Target	121.16
Upside Intraday Target	124.04
Upside Intraday Target	118.68

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	118.27	118.00	121.57	116.21	0.338 times
21 Fri Jun 2024	119.12	121.85	122.85	118.50	0.607 times
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

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
24 Mon Jun 2024	118.27	124.80	128.90	96.20	1.055 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 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 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

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 and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 120.98 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.