(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 452961
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 558.10 | 580.00 | 598.50 | 554.40 | 2.988 times |
| 07 Tue May 2024 | 576.85 | 596.00 | 596.90 | 572.20 | 0.562 times |
| 06 Mon May 2024 | 591.50 | 629.85 | 630.65 | 588.50 | 1.404 times |
| 03 Fri May 2024 | 625.40 | 631.85 | 632.65 | 619.00 | 0.697 times |
| 02 Thu May 2024 | 628.80 | 624.55 | 631.15 | 623.00 | 0.265 times |
Stock of Canara Bank (CanaraBank) has showed a significant fall. This could be a good time to exit from this stock.
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 561.4, for a target of 583.4 or 601.75
Share price targets for Canara Bank (CanaraBank)
| Target Type | Value |
| Downside Target | 438.50 |
| Downside Target | 479.50 |
| Downside Target | 529.10 |
| Downside Target | 554.40 |
| Upside Target | 585.00 |
| Upside Target | 598.75 |
| Upside Target | 613.60 |
| Upside Target | 620.00 |
| Upside Target | 624.30 |
| Upside Target | 629.65 |
| Upside Target | 630.65 |
| Upside Target | 632.65 |
Intraday share price targets for Canara Bank (CanaraBank)
| Target Type | Value |
| Downside Intraday Target | 531.45 |
| Downside Intraday Target | 504.8 |
| Upside Intraday Target | 607.7 |
| Upside Intraday Target | 657.3 |
| Upside Intraday Target | 581.05 |
Weekly technical analysis of Canara Bank (CanaraBank)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 558.10 | 629.85 | 630.65 | 554.40 | 2.183 times |
| 03 Fri May 2024 | 625.40 | 624.20 | 632.65 | 613.60 | 0.515 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 |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Canara Bank (CanaraBank)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 558.10 | 624.55 | 632.65 | 554.40 | 0.459 times |
| 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 |
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 (CanaraBank)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 13, 38, 49 | Sell |
| MACD | 9, 18 | Sell |
| Stochastics | 9 | Sell |
| CCI | -164 | Sell |
| RSI | 41 | Sell |
| OBV | -1418106 | Sell |
| VWAP | 594 | Sell |
| ADL | 0 | Sell |
| ROC | -7 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Canara Bank ( (CanaraBank) ) 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 ( (CanaraBank) ) 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 ( (CanaraBank) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Canara Bank ( (CanaraBank) ) based on a mid to longer term time period is
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 but the sell signal is initial and weak.
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 in or above the red cloud Prices appear to be coming down
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 positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 593.92 and Canara Bank (CanaraBank) 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 (CanaraBank) stock. Volume based technical analysis of Canara Bank (CanaraBank) stock is negative.
Canara Bank Stock has given negative 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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