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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 2024-07-09 View latest technical analysis

10 day averaged volume of Canara Bank is 26458005

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	116.00	115.00	117.25	114.90	1.242 times
08 Mon Jul 2024	114.89	117.50	118.08	114.66	1.286 times
05 Fri Jul 2024	117.76	117.00	117.98	116.52	0.76 times
04 Thu Jul 2024	117.27	117.70	118.00	116.35	0.76 times
03 Wed Jul 2024	117.05	117.10	117.99	116.50	0.605 times
02 Tue Jul 2024	116.25	118.80	118.98	115.50	0.884 times
01 Mon Jul 2024	118.36	119.35	120.19	117.90	0.775 times
28 Fri Jun 2024	119.47	118.25	121.89	118.25	1.652 times
27 Thu Jun 2024	118.11	118.18	119.40	116.84	1.063 times
26 Wed Jun 2024	118.69	117.95	119.37	117.21	0.816 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 116.8, but if it comes above 116.8, then a intra day buy could be more profitable.
If you take a sell trade below 116.8, then use 116.8 as stoploss and 114.2 as target. However if you take a buy trade in stock , then use 116.8 as stoploss and 119.01 as target.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	111.80
Downside Target	114.66
Upside Target	122.85
Upside Target	125.00
Upside Target	128.90
Upside Target	529.10
Upside Target	562.70
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	114.41
Downside Intraday Target	112.83
Upside Intraday Target	117.83
Upside Intraday Target	119.67
Upside Intraday Target	116.25

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	116.00	117.50	118.08	114.66	0.668 times
05 Fri Jul 2024	117.76	119.35	120.19	115.50	0.573 times
28 Fri Jun 2024	119.47	118.00	121.89	116.21	1.334 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

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
09 Tue Jul 2024	116.00	119.35	120.19	114.66	0.165 times
28 Fri Jun 2024	119.47	124.80	128.90	96.20	1.21 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

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 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 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 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 117.39 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.