Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-08-06 View latest technical analysis

10 day averaged volume of Canara Bank is 37930869

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	105.03	106.75	108.18	104.80	0.495 times
05 Mon Aug 2024	105.26	108.44	108.44	104.04	1.52 times
02 Fri Aug 2024	110.49	112.00	112.00	110.05	0.737 times
01 Thu Aug 2024	112.69	115.50	115.60	112.05	0.684 times
31 Wed Jul 2024	114.71	116.00	116.19	114.26	0.44 times
30 Tue Jul 2024	115.77	115.91	116.45	115.12	0.466 times
29 Mon Jul 2024	115.91	115.20	117.82	115.01	1.346 times
26 Fri Jul 2024	113.86	112.49	114.40	111.00	1.431 times
25 Thu Jul 2024	111.89	111.80	113.85	109.25	2.029 times
24 Wed Jul 2024	112.46	112.99	113.90	111.54	0.649 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 106.3, for a target of 110.1 or 113.26

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	104.04
Upside Target	108.44
Upside Target	115.49
Upside Target	117.82
Upside Target	118.08
Upside Target	118.11
Upside Target	120.19
Upside Target	128.90
Upside Target	562.70
Upside Target	629.70
Upside Target	632.90

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	103.23
Downside Intraday Target	101.44
Upside Intraday Target	107.63
Upside Intraday Target	110.24
Upside Intraday Target	105.84

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	105.03	108.44	108.44	104.04	0.548 times
02 Fri Aug 2024	110.49	115.20	117.82	110.05	0.683 times
26 Fri Jul 2024	113.86	112.80	115.49	109.00	1.438 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

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
06 Tue Aug 2024	105.03	115.50	115.60	104.04	0.198 times
31 Wed Jul 2024	114.71	119.35	120.19	109.00	0.648 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

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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a buy signal for Canara Bank in short term but BUY 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 111.65 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.