Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-05-17 View latest technical analysis

10 day averaged volume of Canara Bank is 23084368

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	113.80	114.95	115.20	113.20	1.698 times
16 Thu May 2024	113.70	120.35	120.35	111.80	3.618 times
15 Wed May 2024	119.00	116.25	119.60	116.00	2.519 times
14 Tue May 2024	566.55	555.40	569.00	553.55	0.399 times
13 Mon May 2024	549.35	552.00	555.00	532.00	0.455 times
10 Fri May 2024	548.15	550.00	557.20	540.70	0.337 times
09 Thu May 2024	545.50	563.00	568.00	542.00	0.568 times
08 Wed May 2024	557.70	579.70	598.50	554.05	0.991 times
07 Tue May 2024	576.75	595.35	596.75	572.00	0.375 times
06 Mon May 2024	591.80	627.15	628.95	588.30	0.566 times

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 141.7, for a target of 347.8 or 519.55

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	111.80
Upside Target	438.00
Upside Target	479.35
Upside Target	529.10
Upside Target	540.70
Upside Target	562.70
Upside Target	584.45
Upside Target	598.80
Upside Target	614.20
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	-39.27
Downside Intraday Target	-192.33
Upside Intraday Target	417.93
Upside Intraday Target	722.07
Upside Intraday Target	264.87

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	113.80	552.00	569.00	111.80	3.063 times
10 Fri May 2024	548.15	627.15	628.95	540.70	2.686 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

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
17 Fri May 2024	113.80	623.85	632.90	111.80	2.106 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, and volume has increased substantially. This means that the move can 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Canara Bank ( (CANBK) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Canara Bank ( (CANBK) ) based on a short to mid 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 mid to longer 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.

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 and the sell signal is strong.

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 red color and prices are below the red cloud Prices appear to be moving up

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 negative zone. This is the SELL 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 258.44 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.