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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 2024-04-26 View latest technical analysis

10 day averaged volume of Canara Bank is 6865003

Date	Daily Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	617.60	617.25	624.40	614.10	0.868 times
25 Thu Apr 2024	616.85	595.90	620.95	595.10	1.675 times
24 Wed Apr 2024	596.95	604.05	605.45	596.00	0.718 times
23 Tue Apr 2024	601.60	605.05	605.80	599.20	0.784 times
22 Mon Apr 2024	599.80	585.05	601.80	584.45	1.528 times
19 Fri Apr 2024	578.75	575.00	584.40	562.70	1.379 times
18 Thu Apr 2024	583.45	588.90	594.85	581.30	0.752 times
16 Tue Apr 2024	584.05	588.00	595.50	580.20	0.922 times
15 Mon Apr 2024	593.10	598.00	605.95	587.55	0.88 times
12 Fri Apr 2024	605.85	608.55	616.70	604.90	0.684 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 612.9, but if it comes below 612.9, then a intra day sell could be more profitable.
If you take a sell trade below 612.9, then use 612.9 as stoploss and 598.5 as target. However if you take a buy trade in stock , then use 612.9 as stoploss and 630.1 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	583.30
Downside Target	605.95
Downside Target	606.30
Upside Target	618.80
Upside Target	618.95
Upside Target	624.40

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	593.23
Downside Intraday Target	568.87
Upside Intraday Target	633.18
Upside Intraday Target	648.77
Downside Intraday Target	608.82

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Fri Apr 2024	617.60	585.05	624.40	584.45	1.417 times
19 Fri Apr 2024	578.75	598.00	605.95	562.70	1.611 times
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

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
26 Fri Apr 2024	617.60	585.45	624.40	562.70	0.85 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak 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 but buying is losing 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 598.4 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.