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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 1391695

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 113.70 120.75 120.75 111.85 4.238 times
15 Wed May 2024 119.00 115.80 119.60 115.80 1.816 times
14 Tue May 2024 566.25 557.40 568.95 554.00 0.351 times
13 Mon May 2024 549.15 552.95 554.95 532.60 0.581 times
10 Fri May 2024 548.20 549.35 557.00 541.70 0.516 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 224.8, for a target of 398.4 or 543

Share price targets for Canara Bank (CanaraBank)

Target Type Value
Downside Target 111.85
Upside Target 438.50
Upside Target 479.50
Upside Target 529.10
Upside Target 541.70
Upside Target 562.90
Upside Target 585.00
Upside Target 598.75
Upside Target 613.60
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 -39.28
Downside Intraday Target -192.27
Upside Intraday Target 417.82
Upside Intraday Target 721.93
Upside Intraday Target 264.83

Weekly technical analysis of Canara Bank (CanaraBank)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 113.70 552.95 568.95 111.85 2.506 times
10 Fri May 2024 548.20 629.85 630.65 541.70 3.774 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

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
16 Thu May 2024 113.70 624.55 632.65 111.85 2.403 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, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Canara Bank (CanaraBank)

Indicator Name Indicator Value Indicator Signal
ADX 4, 78, 89 Sell
MACD -115, -40Sell
Stochastics 12Sell
CCI -167Sell
RSI 13Sell
OBV -8540052Sell
VWAP 292Sell
ADL 0Sell
ROC -82Sell
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 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 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 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 gaining 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 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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 291.84 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 negative.

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

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