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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 2024-03-15 View latest technical analysis

10 day averaged volume of Canara Bank is 7846726

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	549.15	547.00	554.00	529.75	1.214 times
14 Thu Mar 2024	547.00	534.00	554.65	529.10	1.173 times
13 Wed Mar 2024	536.45	569.05	571.65	529.45	1.556 times
12 Tue Mar 2024	566.90	586.25	589.10	565.00	1.101 times
11 Mon Mar 2024	586.25	597.95	602.40	584.20	0.81 times
07 Thu Mar 2024	597.95	600.10	605.50	594.00	0.756 times
06 Wed Mar 2024	600.00	604.00	606.30	585.10	1.13 times
05 Tue Mar 2024	602.45	590.80	604.00	588.10	1.417 times
04 Mon Mar 2024	591.90	588.80	594.45	584.00	0.879 times
02 Sat Mar 2024	586.75	580.85	591.20	580.00	0.24 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 556, but if it comes above 556, then a intra day buy could be more profitable.
If you take a sell trade below 556, then use 556 as stoploss and 534.6 as target. However if you take a buy trade in stock , then use 556 as stoploss and 573.77 as target.

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	529.10
Upside 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	518.03
Downside Intraday Target	486.92
Upside Intraday Target	591.33
Upside Intraday Target	633.52
Upside Intraday Target	560.22

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	549.15	597.95	602.40	529.10	1.4 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
15 Fri Mar 2024	549.15	570.00	606.30	529.10	0.367 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 down 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Canara Bank ( (CANBK) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 moving up

CCI has generated a buy signal for Canara Bank in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 572.87 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.