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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 2024-04-12 View latest technical analysis

10 day averaged volume of Canara Bank is 5902805

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	605.85	608.55	616.70	604.90	0.795 times
10 Wed Apr 2024	612.90	609.65	616.50	607.60	0.788 times
09 Tue Apr 2024	608.15	614.00	615.85	603.70	0.611 times
08 Mon Apr 2024	612.45	618.95	618.95	607.10	0.644 times
05 Fri Apr 2024	615.00	609.40	618.80	606.30	1.359 times
04 Thu Apr 2024	607.40	614.70	614.75	602.30	1.312 times
03 Wed Apr 2024	606.95	593.00	611.80	590.00	1.481 times
02 Tue Apr 2024	594.70	588.90	595.20	587.65	0.636 times
01 Mon Apr 2024	589.05	585.45	590.35	583.30	0.667 times
28 Thu Mar 2024	581.05	568.15	587.80	568.10	1.755 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 605.8, but if it comes below 605.8, then a intra day sell could be more profitable.
If you take a sell trade below 605.8, then use 605.8 as stoploss and 579.59 as target. However if you take a buy trade in stock , then use 605.8 as stoploss and 637.2 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
Upside 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	600.05
Downside Intraday Target	594.25
Upside Intraday Target	615.3
Upside Intraday Target	624.75
Upside Intraday Target	609.5

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	605.85	618.95	618.95	603.70	0.52 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
12 Fri Apr 2024	605.85	585.45	618.95	583.30	0.364 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 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 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.

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

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 602.42 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.