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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 2024-06-07 View latest technical analysis

10 day averaged volume of Canara Bank is 90583300

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	118.90	119.45	119.60	118.00	0.446 times
06 Thu Jun 2024	118.00	117.60	120.60	116.50	0.579 times
05 Wed Jun 2024	115.20	115.20	116.30	104.70	1.166 times
04 Tue Jun 2024	109.85	127.80	127.80	96.20	2.21 times
03 Mon Jun 2024	128.25	124.80	128.90	122.45	1.035 times
31 Fri May 2024	118.00	116.50	119.35	114.40	3.153 times
30 Thu May 2024	115.05	116.70	117.55	114.75	0.381 times
29 Wed May 2024	116.55	116.40	118.45	115.50	0.439 times
28 Tue May 2024	115.95	117.70	118.75	115.25	0.334 times
27 Mon May 2024	117.00	118.00	118.20	115.70	0.382 times

My analysis of stock is bearish for shortterm, and stock might move down till 28.4 or till -130.5. Use a stoploss of 160.84 and if the stock hits stoploss, then it can shoot up till 293.28

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	111.80
Downside Target	118.75
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	100.43
Downside Intraday Target	81.97
Upside Intraday Target	133.13
Upside Intraday Target	147.37
Downside Intraday Target	114.67

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	118.90	124.80	128.90	96.20	1.159 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
07 Fri Jun 2024	118.90	124.80	128.90	96.20	0.588 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 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 neutral. A longer time frame might give a better analysis.

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 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 and selling is picking up 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 116.71 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.