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 2024-09-12 View latest technical analysis

10 day averaged volume of Canara Bank is 28582934

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	103.99	102.70	104.30	101.92	0.828 times
11 Wed Sep 2024	101.75	103.61	104.10	101.10	0.727 times
10 Tue Sep 2024	103.61	104.80	104.90	103.44	0.78 times
09 Mon Sep 2024	104.02	103.60	104.34	100.69	1.594 times
06 Fri Sep 2024	103.38	108.00	108.00	102.95	2.107 times
05 Thu Sep 2024	108.20	109.35	109.35	107.75	1 times
04 Wed Sep 2024	108.60	108.05	109.65	107.90	0.999 times
03 Tue Sep 2024	111.42	113.10	113.46	111.20	0.587 times
02 Mon Sep 2024	112.77	111.86	113.35	110.01	0.997 times
30 Fri Aug 2024	111.53	110.55	112.40	110.54	0.748 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 105.4, but if it comes above 105.4, then a intra day buy could be more profitable.
If you take a sell trade below 105.4, then use 105.4 as stoploss and 101.3 as target. However if you take a buy trade in stock , then use 105.4 as stoploss and 108.85 as target.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	100.69
Downside Target	102.95
Upside Target	108.08
Upside Target	112.99
Upside Target	113.19
Upside Target	113.46
Upside Target	115.60
Upside Target	120.19
Upside Target	128.90
Upside Target	632.90

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	101.49
Downside Intraday Target	98.98
Upside Intraday Target	105.7
Upside Intraday Target	107.4
Downside Intraday Target	103.19

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	103.99	103.60	104.90	100.69	0.691 times
06 Fri Sep 2024	103.38	111.86	113.46	102.95	2.197 times
30 Fri Aug 2024	111.53	113.16	113.19	108.85	0.782 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

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
12 Thu Sep 2024	103.99	111.86	113.46	100.69	0.603 times
30 Fri Aug 2024	111.53	115.50	115.60	104.04	0.694 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

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 106.34 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.