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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 2024-03-18 View latest technical analysis

10 day averaged volume of Canara Bank is 8062460

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	553.05	550.00	556.00	545.10	0.621 times
15 Fri Mar 2024	549.15	547.00	554.00	529.75	1.182 times
14 Thu Mar 2024	547.00	534.00	554.65	529.10	1.142 times
13 Wed Mar 2024	536.45	569.05	571.65	529.45	1.514 times
12 Tue Mar 2024	566.90	586.25	589.10	565.00	1.071 times
11 Mon Mar 2024	586.25	597.95	602.40	584.20	0.788 times
07 Thu Mar 2024	597.95	600.10	605.50	594.00	0.736 times
06 Wed Mar 2024	600.00	604.00	606.30	585.10	1.099 times
05 Tue Mar 2024	602.45	590.80	604.00	588.10	1.379 times
04 Mon Mar 2024	591.90	588.80	594.45	584.00	0.856 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 554.4, but if it comes above 554.4, then a intra day buy could be more profitable.
If you take a sell trade below 554.4, then use 554.4 as stoploss and 532.3 as target. However if you take a buy trade in stock , then use 554.4 as stoploss and 572.78 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
Downside Target	544.25
Upside Target	556.00
Upside Target	584.00
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	546.77
Downside Intraday Target	540.48
Upside Intraday Target	557.67
Upside Intraday Target	562.28
Downside Intraday Target	551.38

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	553.05	550.00	556.00	545.10	0.109 times
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

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
18 Mon Mar 2024	553.05	570.00	606.30	529.10	0.387 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 neutral. A longer time frame might give a better analysis.

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 losing 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 weakening, and bulls are picking up momentum!

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 positive zone. This is a BUY 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 571.38 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.