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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 2024-03-12 View latest technical analysis

10 day averaged volume of Canara Bank is 8138913

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	566.90	586.25	589.10	565.00	1.061 times
11 Mon Mar 2024	586.25	597.95	602.40	584.20	0.781 times
07 Thu Mar 2024	597.95	600.10	605.50	594.00	0.729 times
06 Wed Mar 2024	600.00	604.00	606.30	585.10	1.089 times
05 Tue Mar 2024	602.45	590.80	604.00	588.10	1.366 times
04 Mon Mar 2024	591.90	588.80	594.45	584.00	0.848 times
02 Sat Mar 2024	586.75	580.85	591.20	580.00	0.231 times
01 Fri Mar 2024	578.65	570.00	579.40	568.00	0.905 times
29 Thu Feb 2024	564.45	551.05	567.95	544.25	1.193 times
28 Wed Feb 2024	550.45	574.50	574.75	547.65	1.543 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 566 as stoploss in an intra day buy trade for a target of 579.11. However, stock will show a bearish move below 566.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	380.00
Downside Target	405.00
Downside Target	438.00
Downside Target	454.70
Downside Target	479.35
Downside Target	534.60
Downside Target	563.45
Upside Target	584.00
Upside Target	594.70
Upside Target	598.80
Upside Target	602.40
Upside Target	606.30

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	553.8
Downside Intraday Target	540.7
Upside Intraday Target	591.2
Upside Intraday Target	615.5
Upside Intraday Target	578.1

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	566.90	597.95	602.40	565.00	0.457 times
07 Thu Mar 2024	597.95	588.80	606.30	584.00	0.652 times
02 Sat Mar 2024	586.75	584.00	591.20	544.25	1.084 times
23 Fri Feb 2024	580.45	587.30	598.80	563.45	0.885 times
16 Fri Feb 2024	585.85	574.00	594.70	534.60	0.743 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
12 Tue Mar 2024	566.90	570.00	606.30	565.00	0.238 times
29 Thu Feb 2024	564.45	483.00	598.80	479.35	1.345 times
31 Wed Jan 2024	482.00	440.50	485.00	438.00	1.206 times
29 Fri Dec 2023	437.50	405.50	454.70	405.00	1.399 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 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 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 580.29 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 positive

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