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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.

10 day averaged volume of Canara Bank is 5962828

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	596.95	604.05	605.45	596.00	0.827 times
23 Tue Apr 2024	601.60	605.05	605.80	599.20	0.903 times
22 Mon Apr 2024	599.80	585.05	601.80	584.45	1.759 times
19 Fri Apr 2024	578.75	575.00	584.40	562.70	1.588 times
18 Thu Apr 2024	583.45	588.90	594.85	581.30	0.865 times
16 Tue Apr 2024	584.05	588.00	595.50	580.20	1.061 times
15 Mon Apr 2024	593.10	598.00	605.95	587.55	1.013 times
12 Fri Apr 2024	605.85	608.55	616.70	604.90	0.787 times
10 Wed Apr 2024	612.90	609.65	616.50	607.60	0.781 times
09 Tue Apr 2024	608.15	614.00	615.85	603.70	0.605 times

My analysis of stock is bullish for shortterm, and stock might move up till 608.8 or till 626.6. Use a stoploss of 594.02 and if this stock hits its stoploss, then it can fall down till 579.23

Share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Target	405.00
Downside Target	438.00
Downside Target	454.70
Downside Target	479.35
Downside Target	529.10
Downside Target	562.35
Downside Target	583.30
Upside Target	605.80
Upside Target	605.95
Upside Target	606.30
Upside Target	618.80
Upside Target	618.95

Intraday share price targets for Canara Bank (CANBK)

Target Type	Value
Downside Intraday Target	585.67
Downside Intraday Target	574.38
Upside Intraday Target	607.02
Upside Intraday Target	617.08
Downside Intraday Target	595.73

Weekly technical analysis of Canara Bank (CANBK)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	596.95	585.05	605.80	584.45	0.77 times
19 Fri Apr 2024	578.75	598.00	605.95	562.70	1.611 times
12 Fri Apr 2024	605.85	618.95	618.95	603.70	0.52 times
05 Fri Apr 2024	615.00	585.45	618.80	583.30	1.631 times
28 Thu Mar 2024	581.05	571.95	587.80	562.35	0.739 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
24 Wed Apr 2024	596.95	585.45	618.95	562.70	0.72 times
28 Thu Mar 2024	581.05	570.00	606.30	529.10	0.56 times
29 Thu Feb 2024	564.45	483.00	598.80	479.35	1.345 times
31 Wed Jan 2024	482.00	440.50	485.00	438.00	1.206 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Canara Bank ( (CANBK) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Canara Bank ( (CANBK) ) based on a mid to longer 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.

ADX buy sell signal for Canara Bank stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Canara Bank in short term but SELL 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 594.72 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 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.