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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 2024-01-22 View latest technical analysis

10 day averaged volume of Canara Bank is 5900187

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	477.00	468.75	482.20	464.35	0.879 times
19 Fri Jan 2024	466.65	461.00	467.85	459.80	1.093 times
18 Thu Jan 2024	458.25	455.80	460.50	441.50	1.184 times
17 Wed Jan 2024	456.80	456.05	466.00	452.60	1.141 times
16 Tue Jan 2024	464.95	464.65	471.35	461.20	0.883 times
15 Mon Jan 2024	465.40	465.75	468.35	462.40	0.588 times
12 Fri Jan 2024	462.25	456.00	466.00	452.90	1.532 times
11 Thu Jan 2024	454.50	451.40	457.70	450.25	0.737 times
10 Wed Jan 2024	448.75	451.10	452.50	443.05	0.903 times
09 Tue Jan 2024	450.40	453.90	459.00	449.20	0.955 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 481.2, for a target of 465.9 or 453.19

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	454.70
Downside Target	464.35
Downside Target	466.00
Downside Target	469.25
Downside Target	471.35
Upside Target	482.20

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	466.83
Downside Intraday Target	456.67
Upside Intraday Target	484.68
Upside Intraday Target	492.37
Downside Intraday Target	474.52

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	477.00	468.75	482.20	464.35	0.18 times
19 Fri Jan 2024	466.65	465.75	471.35	441.50	0.957 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

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
22 Mon Jan 2024	477.00	440.50	482.20	438.00	0.745 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 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 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 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 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

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 460.42 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.