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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 2024-09-19 View latest technical analysis

10 day averaged volume of Canara Bank is 27796382

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	104.71	106.00	106.85	102.72	0.684 times
18 Wed Sep 2024	105.45	105.10	106.59	105.01	0.62 times
17 Tue Sep 2024	105.54	106.72	106.78	105.34	0.393 times
16 Mon Sep 2024	106.69	106.90	108.18	106.45	0.669 times
13 Fri Sep 2024	106.39	104.45	107.25	104.10	1.082 times
12 Thu Sep 2024	103.99	102.70	104.30	101.92	0.852 times
11 Wed Sep 2024	101.75	103.61	104.10	101.10	0.747 times
10 Tue Sep 2024	103.61	104.80	104.90	103.44	0.802 times
09 Mon Sep 2024	104.02	103.60	104.34	100.69	1.639 times
06 Fri Sep 2024	103.38	108.00	108.00	102.95	2.167 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 104.3 as stoploss in an intra day buy trade for a target of 107.65. However, stock will show a bearish move below 104.3.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	100.69
Downside Target	102.72
Upside Target	107.25
Upside Target	111.80
Upside Target	113.19
Upside Target	113.46
Upside Target	115.60
Upside Target	120.19
Upside Target	128.90
Upside Target	632.90

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	102.23
Downside Intraday Target	99.74
Upside Intraday Target	107.69
Upside Intraday Target	110.66
Upside Intraday Target	105.2

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Sep 2024	104.71	106.90	108.18	102.72	0.462 times
13 Fri Sep 2024	106.39	103.60	107.25	100.69	0.876 times
06 Fri Sep 2024	103.38	111.86	113.46	102.95	2.197 times
30 Fri Aug 2024	111.53	113.16	113.19	108.85	0.782 times
23 Fri Aug 2024	112.10	108.30	112.99	108.08	1.106 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
19 Thu Sep 2024	104.71	111.86	113.46	100.69	0.813 times
30 Fri Aug 2024	111.53	115.50	115.60	104.04	0.694 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

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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below 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

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 104.32 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.