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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 2024-04-03 View latest technical analysis

10 day averaged volume of Canara Bank is 5414137

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	606.95	593.00	611.80	590.00	1.615 times
02 Tue Apr 2024	594.70	588.90	595.20	587.65	0.693 times
01 Mon Apr 2024	589.05	585.45	590.35	583.30	0.727 times
28 Thu Mar 2024	581.05	568.15	587.80	568.10	1.913 times
27 Wed Mar 2024	564.25	571.85	574.70	562.35	0.815 times
26 Tue Mar 2024	571.85	571.95	574.65	567.30	0.918 times
22 Fri Mar 2024	573.15	563.90	577.50	563.45	1.076 times
21 Thu Mar 2024	563.90	560.00	568.50	558.00	1.027 times
20 Wed Mar 2024	551.05	549.90	554.35	535.55	1.118 times
19 Tue Mar 2024	548.40	552.70	555.80	546.15	0.789 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 594.9, but if it comes below 594.9, then a intra day sell could be more profitable.
If you take a sell trade below 594.9, then use 594.9 as stoploss and 573.77 as target. However if you take a buy trade in stock , then use 594.9 as stoploss and 620.3 as target.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	405.00
Downside Target	438.00
Downside Target	454.70
Downside Target	479.35
Downside Target	529.10
Downside Target	562.35
Downside Target	577.50
Downside Target	598.80
Downside Target	602.40
Downside Target	606.30
Upside Target	611.80

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	589.57
Downside Intraday Target	572.18
Upside Intraday Target	618.07
Upside Intraday Target	629.18
Downside Intraday Target	600.68

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Apr 2024	606.95	585.45	611.80	583.30	0.833 times
28 Thu Mar 2024	581.05	571.95	587.80	562.35	0.739 times
22 Fri Mar 2024	573.15	550.00	577.50	535.55	0.582 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

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
03 Wed Apr 2024	606.95	585.45	611.80	583.30	0.122 times
28 Thu Mar 2024	581.05	570.00	606.30	529.10	0.56 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

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 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 short to mid 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 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 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 576.33 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.