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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 2024-01-18 View latest technical analysis

10 day averaged volume of Canara Bank is 6127327

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	458.25	455.80	460.50	441.50	1.14 times
17 Wed Jan 2024	456.80	456.05	466.00	452.60	1.099 times
16 Tue Jan 2024	464.95	464.65	471.35	461.20	0.85 times
15 Mon Jan 2024	465.40	465.75	468.35	462.40	0.566 times
12 Fri Jan 2024	462.25	456.00	466.00	452.90	1.476 times
11 Thu Jan 2024	454.50	451.40	457.70	450.25	0.71 times
10 Wed Jan 2024	448.75	451.10	452.50	443.05	0.87 times
09 Tue Jan 2024	450.40	453.90	459.00	449.20	0.919 times
08 Mon Jan 2024	450.50	461.50	463.00	449.15	0.947 times
05 Fri Jan 2024	461.95	468.00	469.25	455.85	1.128 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 461.8 as stoploss in an intra day sell trade for a target of 448.91. However, stock will show a bullish move above 461.8.

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	424.60
Downside Target	438.00
Downside Target	446.70
Downside Target	450.95
Downside Target	454.70
Upside Target	466.00
Upside Target	469.25
Upside Target	471.35

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	442.72
Downside Intraday Target	427.18
Upside Intraday Target	472.57
Upside Intraday Target	486.88
Downside Intraday Target	457.03

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Jan 2024	458.25	465.75	471.35	441.50	0.743 times
12 Fri Jan 2024	462.25	461.50	466.00	443.05	0.654 times
05 Fri Jan 2024	461.95	440.50	469.25	438.00	1.696 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

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
18 Thu Jan 2024	458.25	440.50	471.35	438.00	0.667 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 to mid 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Canara Bank in short term but the sell signal is initial and weak.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 457.5 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 positive

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