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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 2024-05-28 View latest technical analysis

10 day averaged volume of Canara Bank is 36299675

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	115.95	117.70	118.75	115.25	0.833 times
27 Mon May 2024	117.00	118.00	118.20	115.70	0.954 times
24 Fri May 2024	117.20	118.20	118.75	116.90	0.801 times
23 Thu May 2024	117.70	116.90	118.65	116.50	0.977 times
22 Wed May 2024	116.00	116.90	116.90	114.90	0.905 times
21 Tue May 2024	116.20	115.40	116.80	113.60	0.979 times
18 Sat May 2024	114.50	114.20	114.90	114.05	0.147 times
17 Fri May 2024	113.80	114.95	115.20	113.20	1.08 times
16 Thu May 2024	113.70	120.35	120.35	111.80	2.301 times
15 Wed May 2024	119.00	116.25	119.60	116.00	1.602 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 115 as stoploss in an intra day buy trade for a target of 348.65. However, stock will show a bearish move below 115.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	111.80
Upside Target	118.75
Upside Target	438.00
Upside Target	479.35
Upside Target	529.10
Upside Target	540.70
Upside Target	562.70
Upside Target	598.80
Upside Target	606.30
Upside Target	614.20
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	114.55
Downside Intraday Target	113.15
Upside Intraday Target	118.05
Upside Intraday Target	120.15
Upside Intraday Target	116.65

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	115.95	118.00	118.75	115.25	0.488 times
24 Fri May 2024	117.20	115.40	118.75	113.60	0.646 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

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
28 Tue May 2024	115.95	623.85	632.90	111.80	3.665 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 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 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.

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 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 SELL signal for Canara Bank in short term but SELL 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 116.06 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.