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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 2024-10-28 View latest technical analysis

10 day averaged volume of Canara Bank is 18901839

Date	Daily Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	100.69	95.40	101.50	94.75	2.959 times
25 Fri Oct 2024	94.24	98.45	99.18	92.98	1.639 times
24 Thu Oct 2024	98.19	98.00	99.65	97.52	0.856 times
23 Wed Oct 2024	97.69	97.00	98.45	94.44	1.663 times
22 Tue Oct 2024	96.79	102.86	102.86	96.31	1.63 times
21 Mon Oct 2024	102.86	104.90	105.60	102.70	0.734 times
18 Fri Oct 2024	104.67	102.10	104.99	100.77	1.056 times
17 Thu Oct 2024	102.50	104.61	104.94	102.21	0.788 times
16 Wed Oct 2024	104.37	104.43	104.92	103.62	0.584 times
15 Tue Oct 2024	104.43	105.00	105.30	104.00	0.445 times

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

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 99.2 as stoploss in an intra day buy trade for a target of 103.47. However, stock will show a bearish move below 99.2.

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	92.98
Downside Target	100.69
Upside Target	106.51
Upside Target	109.00
Upside Target	109.05
Upside Target	112.46
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	96.46
Downside Intraday Target	92.23
Upside Intraday Target	103.21
Upside Intraday Target	105.73
Downside Intraday Target	98.98

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Mon Oct 2024	100.69	95.40	101.50	94.75	0.454 times
25 Fri Oct 2024	94.24	104.90	105.60	92.98	1.875 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

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
28 Mon Oct 2024	100.69	111.05	112.46	92.98	0.644 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Canara Bank Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

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 but BUY signal is weak.

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 99.64 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 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.