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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 2024-06-03 View latest technical analysis

10 day averaged volume of Canara Bank is 56305943

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	128.25	124.80	128.90	122.45	1.666 times
31 Fri May 2024	118.00	116.50	119.35	114.40	5.072 times
30 Thu May 2024	115.05	116.70	117.55	114.75	0.613 times
29 Wed May 2024	116.55	116.40	118.45	115.50	0.707 times
28 Tue May 2024	115.95	117.70	118.75	115.25	0.537 times
27 Mon May 2024	117.00	118.00	118.20	115.70	0.615 times
24 Fri May 2024	117.20	118.20	118.75	116.90	0.517 times
23 Thu May 2024	117.70	116.90	118.65	116.50	0.63 times
22 Wed May 2024	116.00	116.90	116.90	114.90	0.583 times
21 Tue May 2024	116.20	115.40	116.80	113.60	0.631 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 47.3 as stoploss in an intra day buy trade for a target of 249.15. However, stock will show a bearish move below 47.3.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	111.80
Downside Target	118.75
Downside Target	122.45
Upside Target	128.90
Upside Target	479.35
Upside Target	529.10
Upside Target	540.70
Upside Target	562.70
Upside Target	569.00
Upside Target	598.80
Upside Target	606.30
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	124.17
Downside Intraday Target	120.08
Upside Intraday Target	130.62
Upside Intraday Target	132.98
Downside Intraday Target	126.53

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	128.25	124.80	128.90	122.45	0.221 times
31 Fri May 2024	118.00	118.00	119.35	114.40	3.195 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

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
03 Mon Jun 2024	128.25	124.80	128.90	122.45	0.112 times
31 Fri May 2024	118.00	623.85	632.90	111.80	6.427 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

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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY signal for Canara Bank in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Canara Bank Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls 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 buy signal for Canara Bank in short term and BUY signal is strong.

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 118.83 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 negative.

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