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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 2024-04-09 View latest technical analysis

10 day averaged volume of Canara Bank is 6156046

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	608.15	614.00	615.85	603.70	0.586 times
08 Mon Apr 2024	612.45	618.95	618.95	607.10	0.617 times
05 Fri Apr 2024	615.00	609.40	618.80	606.30	1.303 times
04 Thu Apr 2024	607.40	614.70	614.75	602.30	1.258 times
03 Wed Apr 2024	606.95	593.00	611.80	590.00	1.421 times
02 Tue Apr 2024	594.70	588.90	595.20	587.65	0.609 times
01 Mon Apr 2024	589.05	585.45	590.35	583.30	0.64 times
28 Thu Mar 2024	581.05	568.15	587.80	568.10	1.683 times
27 Wed Mar 2024	564.25	571.85	574.70	562.35	0.716 times
26 Tue Mar 2024	571.85	571.95	574.65	567.30	0.807 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 600.7, but if it comes below 600.7, then a intra day sell could be more profitable.
If you take a sell trade below 600.7, then use 600.7 as stoploss and 576.31 as target. However if you take a buy trade in stock , then use 600.7 as stoploss and 630 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	602.40
Downside Target	603.70
Downside Target	606.30
Upside Target	618.80
Upside Target	618.95

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	601.58
Downside Intraday Target	595.02
Upside Intraday Target	616.83
Upside Intraday Target	625.52
Upside Intraday Target	610.27

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	608.15	618.95	618.95	603.70	0.23 times
05 Fri Apr 2024	615.00	585.45	618.80	583.30	1.631 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

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
09 Tue Apr 2024	608.15	585.45	618.95	583.30	0.295 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 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 BUY. Signal strength is Strong and stock is losing 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 tired and bears are picking up momentum.

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

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

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

Although the stock is in the BUY zone, but buying 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 595.93 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.