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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 2024-11-18 View latest technical analysis

10 day averaged volume of Canara Bank is 20351059

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	98.18	97.50	98.80	95.72	0.841 times
14 Thu Nov 2024	97.49	99.00	100.46	97.22	0.838 times
13 Wed Nov 2024	98.33	101.00	102.00	97.54	1.438 times
12 Tue Nov 2024	101.50	104.15	104.80	101.12	0.708 times
11 Mon Nov 2024	103.89	103.00	105.14	101.70	0.834 times
08 Fri Nov 2024	103.69	105.04	105.10	103.18	0.935 times
07 Thu Nov 2024	105.07	105.50	106.49	104.83	0.857 times
06 Wed Nov 2024	105.25	104.98	106.00	103.46	1.483 times
05 Tue Nov 2024	103.67	101.61	103.92	101.30	1.115 times
04 Mon Nov 2024	101.91	104.50	104.50	99.50	1.584 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 98 as stoploss in an intra day buy trade for a target of 101.16. However, stock will show a bearish move below 98.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	92.98
Upside Target	104.04
Upside Target	105.14
Upside Target	105.60
Upside Target	106.49
Upside Target	109.00
Upside Target	112.46
Upside Target	113.50
Upside Target	115.60
Upside Target	120.19

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	96.33
Downside Intraday Target	94.49
Upside Intraday Target	99.41
Upside Intraday Target	100.65
Downside Intraday Target	97.57

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	98.18	97.50	98.80	95.72	0.22 times
14 Thu Nov 2024	97.49	103.00	105.14	97.22	0.639 times
08 Fri Nov 2024	103.69	104.50	106.49	99.50	0.757 times
01 Fri Nov 2024	103.96	95.40	104.95	94.75	1.302 times
25 Fri Oct 2024	94.24	104.90	105.60	92.98	1.875 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
18 Mon Nov 2024	98.18	103.80	106.49	95.72	0.424 times
31 Thu Oct 2024	102.65	111.05	112.46	92.98	0.798 times
30 Mon Sep 2024	111.33	111.86	113.50	100.69	1.43 times
30 Fri Aug 2024	111.53	115.50	115.60	104.04	0.694 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 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 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 SELL signal for Canara Bank in short term and the sell signal is strong.

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 SELL signal for Canara Bank in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Canara Bank is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 101.97 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.