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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 2024-08-22 View latest technical analysis

10 day averaged volume of Canara Bank is 22447881

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	112.33	112.00	112.66	111.81	0.622 times
21 Wed Aug 2024	111.63	111.36	111.90	110.67	0.685 times
20 Tue Aug 2024	111.36	110.30	111.96	109.60	1.08 times
19 Mon Aug 2024	109.90	108.30	111.25	108.08	1.238 times
16 Fri Aug 2024	107.62	108.00	108.41	106.52	1.348 times
14 Wed Aug 2024	105.65	106.75	107.06	105.50	0.582 times
13 Tue Aug 2024	106.69	109.00	110.14	106.25	0.889 times
12 Mon Aug 2024	109.55	109.90	110.76	108.40	0.991 times
09 Fri Aug 2024	110.65	108.00	112.54	107.65	1.33 times
08 Thu Aug 2024	107.15	108.00	108.56	106.50	0.775 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 113.6 as stoploss in an intra day sell trade for a target of 110.32. However, stock will show a bullish move above 113.6.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	104.04
Downside Target	108.08
Upside Target	115.49
Upside Target	115.60
Upside Target	117.82
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	109.39
Downside Intraday Target	106.44
Upside Intraday Target	113.97
Upside Intraday Target	115.6
Downside Intraday Target	111.02

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	112.33	108.30	112.66	108.08	0.952 times
16 Fri Aug 2024	107.62	109.90	110.76	105.50	0.578 times
09 Fri Aug 2024	110.65	108.44	112.54	104.04	1.062 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

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
22 Thu Aug 2024	112.33	115.50	115.60	104.04	0.561 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Canara Bank ( (CANBK) ) based on a short to mid 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 mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Canara Bank stock for short term is BUY. Signal strength is Weak 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 109.31 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.