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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 2024-01-04 View latest technical analysis

10 day averaged volume of Canara Bank is 7857653

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	465.30	462.30	466.80	457.00	1.12 times
03 Wed Jan 2024	458.25	450.00	462.75	444.35	2.469 times
02 Tue Jan 2024	443.95	441.85	450.50	440.20	0.844 times
01 Mon Jan 2024	442.40	440.50	445.90	438.00	0.552 times
29 Fri Dec 2023	437.50	442.00	442.00	435.95	0.531 times
28 Thu Dec 2023	441.10	441.00	446.70	439.40	1.811 times
27 Wed Dec 2023	432.50	426.90	435.25	426.50	0.671 times
26 Tue Dec 2023	425.40	428.00	430.60	424.60	0.445 times
22 Fri Dec 2023	426.05	435.00	435.45	423.10	0.696 times
21 Thu Dec 2023	431.95	423.00	432.95	413.45	0.987 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 463.8, for a target of 451.6 or 441.51

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	319.70
Downside Target	342.10
Downside Target	380.00
Downside Target	405.00
Downside Target	438.00
Downside Target	441.30
Downside Target	446.70
Downside Target	450.95
Downside Target	454.70
Upside Target	466.80

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	446.6
Downside Intraday Target	427.9
Upside Intraday Target	475.4
Upside Intraday Target	485.5
Downside Intraday Target	456.7

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	465.30	440.50	466.80	438.00	1.442 times
29 Fri Dec 2023	437.50	428.00	446.70	424.60	0.792 times
22 Fri Dec 2023	426.05	449.20	450.95	413.45	1.004 times
15 Fri Dec 2023	449.15	440.00	454.70	438.35	0.806 times
08 Fri Dec 2023	438.55	419.50	441.30	418.55	1.515 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
04 Thu Jan 2024	465.30	440.50	466.80	438.00	0.265 times
29 Fri Dec 2023	437.50	405.50	454.70	405.00	1.399 times
30 Thu Nov 2023	403.05	384.30	411.00	380.00	0.643 times
31 Tue Oct 2023	384.35	376.25	390.65	342.10	0.663 times

Scroll below to view daily charts

Price has moved up 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 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 mid to longer 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.

ADX buy sell signal for Canara Bank stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Canara Bank in short term and the buy signal is strong.

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 moving up

CCI has generated a buy signal for Canara Bank in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 444.89 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 rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.