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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 2024-05-08 View latest technical analysis

10 day averaged volume of Canara Bank is 7386631

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed May 2024	557.70	579.70	598.50	554.05	3.097 times
07 Tue May 2024	576.75	595.35	596.75	572.00	1.172 times
06 Mon May 2024	591.80	627.15	628.95	588.30	1.768 times
03 Fri May 2024	625.65	632.90	632.90	619.00	0.538 times
02 Thu May 2024	628.60	623.85	631.00	623.05	0.585 times
30 Tue Apr 2024	621.95	624.50	629.70	619.05	1.101 times
29 Mon Apr 2024	620.85	622.45	624.75	614.20	1.076 times
26 Fri Apr 2024	617.60	617.25	624.40	614.10	0.807 times
25 Thu Apr 2024	616.85	595.90	620.95	595.10	1.557 times
24 Wed Apr 2024	596.95	604.05	605.45	596.00	0.667 times

Stock of Canara Bank (CANBK) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 561.2, for a target of 583.3 or 601.74

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	438.00
Downside Target	479.35
Downside Target	529.10
Downside Target	554.05
Upside Target	584.45
Upside Target	598.80
Upside Target	614.20
Upside Target	618.95
Upside Target	624.40
Upside Target	628.95
Upside Target	629.70
Upside Target	632.90

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	531.52
Downside Intraday Target	505.33
Upside Intraday Target	606.42
Upside Intraday Target	655.13
Upside Intraday Target	580.23

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed May 2024	557.70	627.15	628.95	554.05	1.829 times
03 Fri May 2024	625.65	622.45	632.90	614.20	0.637 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Canara Bank (CANBK)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Wed May 2024	557.70	623.85	632.90	554.05	0.406 times
30 Tue Apr 2024	621.95	585.45	629.70	562.70	0.969 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

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 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 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 mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Canara Bank stock for short term is SELL. Signal strength is Strong and stock is gaining 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 getting stronger in this stock.

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

CCI has generated a SELL signal for Canara Bank in short term and SELL signal is strong!

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

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 595.38 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.