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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 2024-05-22 View latest technical analysis

10 day averaged volume of Canara Bank is 28524100

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	116.00	116.90	116.90	114.90	1.151 times
21 Tue May 2024	116.20	115.40	116.80	113.60	1.246 times
18 Sat May 2024	114.50	114.20	114.90	114.05	0.188 times
17 Fri May 2024	113.80	114.95	115.20	113.20	1.374 times
16 Thu May 2024	113.70	120.35	120.35	111.80	2.928 times
15 Wed May 2024	119.00	116.25	119.60	116.00	2.039 times
14 Tue May 2024	566.55	555.40	569.00	553.55	0.323 times
13 Mon May 2024	549.35	552.00	555.00	532.00	0.368 times
10 Fri May 2024	548.15	550.00	557.20	540.70	0.273 times
09 Thu May 2024	545.50	563.00	568.00	542.00	0.46 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 228.8, but if it comes above 228.8, then a intra day buy could be more profitable.
If you take a sell trade below 228.8, then use 228.8 as stoploss and -34.2 as target. However if you take a buy trade in stock , then use 228.8 as stoploss and 447.87 as target.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	111.80
Upside Target	116.90
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	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	114.1
Downside Intraday Target	112.2
Upside Intraday Target	117.4
Upside Intraday Target	118.8
Downside Intraday Target	115.5

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	116.00	115.40	116.90	113.60	0.332 times
18 Sat May 2024	114.50	552.00	569.00	111.80	3.145 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

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
22 Wed May 2024	116.00	623.85	632.90	111.80	2.672 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 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 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 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 losing 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 weakening, and bulls are picking up momentum!

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

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

RSI is generating a SELL signal in short term but selling 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 175.6 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.