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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 2024-10-24 View latest technical analysis

10 day averaged volume of Canara Bank is 16585065

Date	Daily Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	98.19	98.00	99.65	97.52	0.976 times
23 Wed Oct 2024	97.69	97.00	98.45	94.44	1.895 times
22 Tue Oct 2024	96.79	102.86	102.86	96.31	1.858 times
21 Mon Oct 2024	102.86	104.90	105.60	102.70	0.837 times
18 Fri Oct 2024	104.67	102.10	104.99	100.77	1.204 times
17 Thu Oct 2024	102.50	104.61	104.94	102.21	0.898 times
16 Wed Oct 2024	104.37	104.43	104.92	103.62	0.665 times
15 Tue Oct 2024	104.43	105.00	105.30	104.00	0.507 times
14 Mon Oct 2024	104.49	104.50	105.44	103.93	0.69 times
11 Fri Oct 2024	104.06	104.60	104.75	103.65	0.697 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 100.6, but if it comes above 100.6, then a intra day buy could be more profitable.
If you take a sell trade below 100.6, then use 100.6 as stoploss and 95.5 as target. However if you take a buy trade in stock , then use 100.6 as stoploss and 104.88 as target.

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	93.22
Downside Intraday Target	88.25
Upside Intraday Target	104.38
Upside Intraday Target	110.57
Upside Intraday Target	99.41

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	98.19	104.90	105.60	94.44	1.404 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
24 Thu Oct 2024	98.19	111.05	112.46	94.44	0.511 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 losing 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 buy signal for Canara Bank in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 100.9 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.