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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 2024-10-16 View latest technical analysis

10 day averaged volume of Canara Bank is 19505126

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	104.37	104.43	104.92	103.62	0.566 times
15 Tue Oct 2024	104.43	105.00	105.30	104.00	0.431 times
14 Mon Oct 2024	104.49	104.50	105.44	103.93	0.587 times
11 Fri Oct 2024	104.06	104.60	104.75	103.65	0.593 times
10 Thu Oct 2024	104.13	105.12	106.59	103.90	0.637 times
09 Wed Oct 2024	104.40	105.95	106.30	103.53	1.466 times
08 Tue Oct 2024	104.95	103.70	105.30	102.70	0.855 times
07 Mon Oct 2024	103.49	108.24	109.05	102.34	2.011 times
04 Fri Oct 2024	107.62	108.00	110.35	106.51	1.175 times
03 Thu Oct 2024	107.96	108.00	110.49	107.20	1.341 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 104 as stoploss in an intra day buy trade for a target of 106.86. However, stock will show a bearish move below 104.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	96.20
Downside Target	100.69
Upside Target	109.00
Upside Target	109.05
Upside Target	112.46
Upside Target	113.30
Upside Target	113.50
Upside Target	115.60
Upside Target	120.19
Upside Target	128.90

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	103.51
Downside Intraday Target	102.66
Upside Intraday Target	105.33
Upside Intraday Target	106.3
Upside Intraday Target	104.48

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	104.37	104.50	105.44	103.62	0.285 times
11 Fri Oct 2024	104.06	108.24	109.05	102.34	1.245 times
04 Fri Oct 2024	107.62	113.00	113.50	106.51	0.362 times
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

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
16 Wed Oct 2024	104.37	111.05	112.46	102.34	0.316 times
30 Mon Sep 2024	111.33	111.86	113.50	100.69	1.43 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

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 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 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 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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Canara Bank is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 105.11 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.