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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 2024-08-08 View latest technical analysis

10 day averaged volume of Canara Bank is 37125628

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	107.15	108.00	108.56	106.50	0.469 times
07 Wed Aug 2024	108.22	106.60	108.56	105.45	0.654 times
06 Tue Aug 2024	105.03	106.75	108.18	104.80	0.505 times
05 Mon Aug 2024	105.26	108.44	108.44	104.04	1.553 times
02 Fri Aug 2024	110.49	112.00	112.00	110.05	0.753 times
01 Thu Aug 2024	112.69	115.50	115.60	112.05	0.699 times
31 Wed Jul 2024	114.71	116.00	116.19	114.26	0.45 times
30 Tue Jul 2024	115.77	115.91	116.45	115.12	0.476 times
29 Mon Jul 2024	115.91	115.20	117.82	115.01	1.376 times
26 Fri Jul 2024	113.86	112.49	114.40	111.00	1.462 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 109, but if it comes above 109, then a intra day buy could be more profitable.
If you take a sell trade below 109, then use 109 as stoploss and 104.8 as target. However if you take a buy trade in stock , then use 109 as stoploss and 112.49 as target.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	104.04
Upside Target	108.56
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	104.61
Downside Intraday Target	102.06
Upside Intraday Target	109.13
Upside Intraday Target	111.1
Downside Intraday Target	106.58

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	107.15	108.44	108.56	104.04	0.848 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
08 Thu Aug 2024	107.15	115.50	115.60	104.04	0.262 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 111.01 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.