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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 2024-09-27 View latest technical analysis

10 day averaged volume of Canara Bank is 23794488

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	113.10	110.72	113.30	110.06	4.986 times
26 Thu Sep 2024	110.17	108.75	110.70	107.20	1.388 times
25 Wed Sep 2024	108.40	108.92	109.35	107.30	0.691 times
24 Tue Sep 2024	109.29	109.30	110.50	108.65	1.193 times
23 Mon Sep 2024	109.30	105.80	109.80	105.05	1.849 times
20 Fri Sep 2024	104.96	105.11	106.30	104.70	0.851 times
19 Thu Sep 2024	104.71	106.00	106.85	102.72	0.799 times
18 Wed Sep 2024	105.45	105.10	106.59	105.01	0.724 times
17 Tue Sep 2024	105.54	106.72	106.78	105.34	0.459 times
16 Mon Sep 2024	106.69	106.90	108.18	106.45	0.782 times

Stock of Canara Bank (CANBK) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 114.1, for a target of 110.3 or 107.09

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	100.69
Downside Target	102.72
Downside Target	107.25
Downside Target	111.80
Upside Target	113.30
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	107.67
Downside Intraday Target	102.23
Upside Intraday Target	115.92
Upside Intraday Target	118.73
Downside Intraday Target	110.48

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	113.10	105.80	113.30	105.05	2.796 times
20 Fri Sep 2024	104.96	106.90	108.18	102.72	0.604 times
13 Fri Sep 2024	106.39	103.60	107.25	100.69	0.876 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Canara Bank (CANBK)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	113.10	111.86	113.46	100.69	1.385 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 up 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 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 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 BUY signal in short term and the buying is gaining 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 109.71 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.