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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 2024-08-09 View latest technical analysis

10 day averaged volume of Canara Bank is 31170738

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	110.65	108.00	112.54	107.65	0.958 times
08 Thu Aug 2024	107.15	108.00	108.56	106.50	0.558 times
07 Wed Aug 2024	108.22	106.60	108.56	105.45	0.779 times
06 Tue Aug 2024	105.03	106.75	108.18	104.80	0.602 times
05 Mon Aug 2024	105.26	108.44	108.44	104.04	1.849 times
02 Fri Aug 2024	110.49	112.00	112.00	110.05	0.896 times
01 Thu Aug 2024	112.69	115.50	115.60	112.05	0.833 times
31 Wed Jul 2024	114.71	116.00	116.19	114.26	0.535 times
30 Tue Jul 2024	115.77	115.91	116.45	115.12	0.567 times
29 Mon Jul 2024	115.91	115.20	117.82	115.01	1.638 times

My analysis of stock is bearish for shortterm, and stock might move down till 108.8 or till 104.7. Use a stoploss of 112.32 and if the stock hits stoploss, then it can shoot up till 115.8

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	104.04
Downside Target	109.00
Upside Target	115.49
Upside Target	117.82
Upside Target	118.08
Upside Target	118.11
Upside Target	120.19
Upside Target	128.90
Upside Target	562.70
Upside Target	629.70
Upside Target	632.90

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	105.61
Downside Intraday Target	100.58
Upside Intraday Target	114.11
Upside Intraday Target	117.58
Downside Intraday Target	109.08

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	110.65	108.44	112.54	104.04	1.062 times
02 Fri Aug 2024	110.49	115.20	117.82	110.05	0.683 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

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
09 Fri Aug 2024	110.65	115.50	115.60	104.04	0.307 times
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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Canara Bank ( (CANBK) ) based on a short 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 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 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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above 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 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 110.44 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.