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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 2024-10-23 View latest technical analysis

10 day averaged volume of Canara Bank is 16301072

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	97.69	97.00	98.45	94.44	1.928 times
22 Tue Oct 2024	96.79	102.86	102.86	96.31	1.89 times
21 Mon Oct 2024	102.86	104.90	105.60	102.70	0.851 times
18 Fri Oct 2024	104.67	102.10	104.99	100.77	1.225 times
17 Thu Oct 2024	102.50	104.61	104.94	102.21	0.913 times
16 Wed Oct 2024	104.37	104.43	104.92	103.62	0.677 times
15 Tue Oct 2024	104.43	105.00	105.30	104.00	0.516 times
14 Mon Oct 2024	104.49	104.50	105.44	103.93	0.702 times
11 Fri Oct 2024	104.06	104.60	104.75	103.65	0.709 times
10 Thu Oct 2024	104.13	105.12	106.59	103.90	0.762 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 96.5, for a target of 101.4 or 105.4

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	94.44
Upside 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	92.89
Downside Intraday Target	88.08
Upside Intraday Target	104.05
Upside Intraday Target	110.4
Upside Intraday Target	99.24

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	97.69	104.90	105.60	94.44	1.158 times
18 Fri Oct 2024	104.67	104.50	105.44	100.77	0.606 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

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
23 Wed Oct 2024	97.69	111.05	112.46	94.44	0.486 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 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 gaining momentum.

MACD generated a SELL signal for Canara Bank in short term and the sell signal is strong.

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 SELL signal for Canara Bank in short term and SELL 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 101.41 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.