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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 2024-07-25 View latest technical analysis

10 day averaged volume of Canara Bank is 27334801

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	111.89	111.80	113.85	109.25	2.815 times
24 Wed Jul 2024	112.46	112.99	113.90	111.54	0.901 times
23 Tue Jul 2024	112.86	115.40	115.40	109.00	0.969 times
22 Mon Jul 2024	114.76	112.80	115.49	111.03	0.787 times
19 Fri Jul 2024	112.89	115.80	116.80	112.33	1.221 times
18 Thu Jul 2024	115.77	116.04	117.59	114.73	0.897 times
16 Tue Jul 2024	116.04	117.60	118.11	115.60	1.263 times
15 Mon Jul 2024	117.25	113.25	117.55	112.40	1.806 times
12 Fri Jul 2024	112.72	114.73	114.80	112.30	0.819 times
11 Thu Jul 2024	114.15	115.30	115.45	113.80	0.496 times

Stock of Canara Bank (CANBK) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 113.4, but if it comes above 113.4, then a intra day buy could be more profitable.
If you take a sell trade below 113.4, then use 113.4 as stoploss and 110.8 as target. However if you take a buy trade in stock , then use 113.4 as stoploss and 115.54 as target.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	109.00
Downside Target	111.80
Upside Target	115.49
Upside Target	120.19
Upside Target	121.89
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	108.76
Downside Intraday Target	105.64
Upside Intraday Target	115.25
Upside Intraday Target	118.62
Upside Intraday Target	112.13

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	111.89	112.80	115.49	109.00	1.055 times
19 Fri Jul 2024	112.89	113.25	118.11	112.33	1.127 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

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
25 Thu Jul 2024	111.89	119.35	120.19	109.00	0.51 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 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 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 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 gaining 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 getting stronger in this stock.

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 SELL signal for Canara Bank in short term and SELL 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 113.99 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.