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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 2024-07-31 View latest technical analysis

10 day averaged volume of Canara Bank is 36500000

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	114.71	116.00	116.19	114.26	0.457 times
30 Tue Jul 2024	115.77	115.91	116.45	115.12	0.484 times
29 Mon Jul 2024	115.91	115.20	117.82	115.01	1.399 times
26 Fri Jul 2024	113.86	112.49	114.40	111.00	1.487 times
25 Thu Jul 2024	111.89	111.80	113.85	109.25	2.108 times
24 Wed Jul 2024	112.46	112.99	113.90	111.54	0.675 times
23 Tue Jul 2024	112.86	115.40	115.40	109.00	0.726 times
22 Mon Jul 2024	114.76	112.80	115.49	111.03	0.59 times
19 Fri Jul 2024	112.89	115.80	116.80	112.33	0.914 times
18 Thu Jul 2024	115.77	116.04	117.59	114.73	0.672 times

My analysis of stock is bearish for shortterm, and stock might move down till 113.2 or till 111.2. Use a stoploss of 114.94 and if the stock hits stoploss, then it can shoot up till 116.65

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	109.00
Downside Target	111.80
Upside Target	117.82
Upside Target	120.19
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	113.37
Downside Intraday Target	112.04
Upside Intraday Target	116.93
Upside Intraday Target	119.16
Upside Intraday Target	115.6

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed Jul 2024	114.71	115.20	117.82	114.26	0.419 times
26 Fri Jul 2024	113.86	112.80	115.49	109.00	1.438 times
19 Fri Jul 2024	112.89	113.25	118.11	112.33	1.127 times
12 Fri Jul 2024	112.72	117.50	118.08	112.30	1.257 times
05 Fri Jul 2024	117.76	119.35	120.19	115.50	0.573 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
31 Wed Jul 2024	114.71	119.35	120.19	109.00	0.648 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 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 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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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

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 113.78 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 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.