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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 2024-08-27 View latest technical analysis

10 day averaged volume of Canara Bank is 19577745

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	110.85	111.41	112.02	110.50	0.618 times
26 Mon Aug 2024	111.41	113.16	113.19	111.17	0.8 times
23 Fri Aug 2024	112.10	112.60	112.99	111.81	0.675 times
22 Thu Aug 2024	112.33	112.00	112.66	111.81	0.713 times
21 Wed Aug 2024	111.63	111.36	111.90	110.67	0.786 times
20 Tue Aug 2024	111.36	110.30	111.96	109.60	1.239 times
19 Mon Aug 2024	109.90	108.30	111.25	108.08	1.42 times
16 Fri Aug 2024	107.62	108.00	108.41	106.52	1.545 times
14 Wed Aug 2024	105.65	106.75	107.06	105.50	0.667 times
13 Tue Aug 2024	106.69	109.00	110.14	106.25	1.019 times

My analysis of stock is bullish for shortterm, and stock might move up till 112.9 or till 116.5. Use a stoploss of 109.95 and if this stock hits its stoploss, then it can fall down till 107

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	104.04
Downside Target	108.08
Upside Target	113.19
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	109.84
Downside Intraday Target	108.82
Upside Intraday Target	112.53
Upside Intraday Target	114.2
Upside Intraday Target	111.51

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	110.85	113.16	113.19	110.50	0.293 times
23 Fri Aug 2024	112.10	108.30	112.99	108.08	1.106 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

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
27 Tue Aug 2024	110.85	115.50	115.60	104.04	0.624 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 Weak 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 109.75 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.