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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 2024-01-24 View latest technical analysis

10 day averaged volume of Canara Bank is 6631163

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	454.30	458.80	459.65	443.00	3.138 times
23 Tue Jan 2024	455.90	482.40	484.90	450.25	2.044 times
22 Mon Jan 2024	477.00	468.75	482.20	464.35	0.782 times
19 Fri Jan 2024	466.65	461.00	467.85	459.80	0.973 times
18 Thu Jan 2024	458.25	455.80	460.50	441.50	1.053 times
17 Wed Jan 2024	456.80	456.05	466.00	452.60	1.015 times
16 Tue Jan 2024	464.95	464.65	471.35	461.20	0.785 times
15 Mon Jan 2024	465.40	465.75	468.35	462.40	0.523 times
12 Fri Jan 2024	462.25	456.00	466.00	452.90	1.364 times
11 Thu Jan 2024	454.50	451.40	457.70	450.25	0.656 times

Stock of Canara Bank (CANBK) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 446 or till 434.3. Use a stoploss of 455.81 and if the stock hits stoploss, then it can shoot up till 465.58

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
Upside Target	454.70
Upside Target	466.00
Upside Target	469.25
Upside Target	471.35
Upside Target	484.90

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	436.57
Downside Intraday Target	418.83
Upside Intraday Target	478.47
Upside Intraday Target	502.63
Upside Intraday Target	460.73

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	454.30	468.75	484.90	443.00	1.371 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 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
24 Wed Jan 2024	454.30	440.50	484.90	438.00	0.978 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 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 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 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 gaining 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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

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 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 459.56 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 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.