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(CanaraBank) Canara Bank complete technical analysis [charts+indicators] | Buy/Sell Canara Bank | (CanaraBank) share price targets

Complete technical analysis of Canara Bank (CanaraBank) by charts plus indicators, forecast predictions and share price targets for Canara Bank (CanaraBank)

10 day averaged volume of Canara Bank is 346305

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 621.85 624.00 629.65 619.00 1.196 times
29 Mon Apr 2024 621.05 624.20 624.75 613.60 0.514 times
26 Fri Apr 2024 617.55 617.85 624.30 614.25 0.581 times
25 Thu Apr 2024 616.45 596.55 620.90 594.65 2.353 times
24 Wed Apr 2024 597.00 605.65 605.65 596.30 0.696 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 616, but if it comes below 616, then a intra day sell could be more profitable.
If you take a sell trade below 616, then use 616 as stoploss and 603.32 as target. However if you take a buy trade in stock , then use 616 as stoploss and 631.1 as target.

Share price targets for Canara Bank (CanaraBank)

Target Type Value
Downside Target 404.05
Downside Target 438.50
Downside Target 454.70
Downside Target 479.50
Downside Target 529.10
Downside Target 562.90
Downside Target 583.05
Downside Target 598.75
Downside Target 613.60
Downside Target 618.95
Downside Target 620.00
Upside Target 624.30
Upside Target 629.65

Intraday share price targets for Canara Bank (CanaraBank)

Target Type Value
Downside Intraday Target 613.75
Downside Intraday Target 605.65
Upside Intraday Target 629.8
Upside Intraday Target 637.75
Downside Intraday Target 621.7

Weekly technical analysis of Canara Bank (CanaraBank)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 621.85 624.20 629.65 613.60 0.297 times
26 Fri Apr 2024 617.55 586.00 624.30 585.00 1.703 times
19 Fri Apr 2024 578.70 593.75 605.80 562.90 1.344 times
12 Fri Apr 2024 605.80 620.00 620.00 603.95 0.72 times
05 Fri Apr 2024 614.65 583.05 618.95 583.05 2.314 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 (CanaraBank)

Date Monthly Closing Price Open High Low Volume
30 Tue Apr 2024 621.85 583.05 629.65 562.90 0.923 times
28 Thu Mar 2024 581.10 570.00 606.00 529.10 0.507 times
29 Thu Feb 2024 564.95 483.85 598.75 479.50 0.632 times
31 Wed Jan 2024 481.85 440.00 485.20 438.50 2.114 times

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 (CanaraBank)

Indicator Name Indicator Value Indicator Signal
ADX 29, 19, 23 Buy
MACD 24, 22Buy
Stochastics 90Buy
CCI 109Buy
RSI 52Buy
OBV 2266702Sell
VWAP 604Buy
ADL 0Sell
ROC 5Buy
Force Index 0Sell

Price action analysis of Canara Bank ( (CanaraBank) ) 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 ( (CanaraBank) ) 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 ( (CanaraBank) ) based on a short to mid 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 ( (CanaraBank) ) 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Canara Bank in short term and the buy signal is strong.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 603.92 and Canara Bank (CanaraBank) 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 (CanaraBank) stock. Volume based technical analysis of Canara Bank (CanaraBank) stock is negative.

Canara Bank Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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