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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 2024-07-16 View latest technical analysis

10 day averaged volume of Canara Bank is 25483194

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	116.04	117.60	118.11	115.60	1.354 times
15 Mon Jul 2024	117.25	113.25	117.55	112.40	1.937 times
12 Fri Jul 2024	112.72	114.73	114.80	112.30	0.879 times
11 Thu Jul 2024	114.15	115.30	115.45	113.80	0.532 times
10 Wed Jul 2024	114.76	116.25	116.25	112.90	0.902 times
09 Tue Jul 2024	116.00	115.00	117.25	114.90	1.29 times
08 Mon Jul 2024	114.89	117.50	118.08	114.66	1.336 times
05 Fri Jul 2024	117.76	117.00	117.98	116.52	0.789 times
04 Thu Jul 2024	117.27	117.70	118.00	116.35	0.789 times
03 Wed Jul 2024	117.05	117.10	117.99	116.50	0.628 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 115.2 as stoploss in an intra day buy trade for a target of 117.33. However, stock will show a bearish move below 115.2.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	111.80
Downside Target	115.50
Upside Target	121.89
Upside Target	122.85
Upside Target	128.90
Upside Target	529.10
Upside Target	562.70
Upside Target	606.30
Upside Target	629.70
Upside Target	632.90

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	112.92
Downside Intraday Target	109.81
Upside Intraday Target	118.63
Upside Intraday Target	121.23
Downside Intraday Target	115.52

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	116.04	113.25	118.11	112.40	0.667 times
12 Fri Jul 2024	112.72	117.50	118.08	112.30	1.257 times
05 Fri Jul 2024	117.76	119.35	120.19	115.50	0.573 times
28 Fri Jun 2024	119.47	118.00	121.89	116.21	1.334 times
21 Fri Jun 2024	119.12	121.85	122.85	118.50	0.607 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
16 Tue Jul 2024	116.04	119.35	120.19	112.30	0.306 times
28 Fri Jun 2024	119.47	124.80	128.90	96.20	1.21 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

Scroll below to view daily charts

Price has moved down 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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. Bears are weakening, and bulls are picking up momentum!

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

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 positive zone. This is a BUY 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 115.91 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 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.