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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 2091900

Date Daily Closing Price Open High Low Volume
31 Fri May 2024 118.00 116.65 119.30 114.40 2.588 times
30 Thu May 2024 115.05 116.55 117.60 114.80 1.036 times
29 Wed May 2024 116.55 116.70 118.35 115.50 0.891 times
28 Tue May 2024 115.95 117.80 118.70 115.35 0.482 times
27 Mon May 2024 116.95 118.15 118.25 115.80 0.61 times

Stock of Canara Bank (CanaraBank) 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 59.4 as stoploss in an intra day buy trade for a target of 272.31. However, stock will show a bearish move below 59.4.

Share price targets for Canara Bank (CanaraBank)

Target Type Value
Downside Target 111.85
Upside Target 118.80
Upside Target 438.50
Upside Target 479.50
Upside Target 529.10
Upside Target 541.70
Upside Target 562.90
Upside Target 598.75
Upside Target 606.00
Upside Target 613.60
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 115.17
Downside Intraday Target 112.33
Upside Intraday Target 120.07
Upside Intraday Target 122.13
Downside Intraday Target 117.23

Weekly technical analysis of Canara Bank (CanaraBank)

Date Weekly Closing Price Open High Low Volume
31 Fri May 2024 118.00 118.15 119.30 114.40 1.277 times
24 Fri May 2024 117.15 114.45 118.80 113.65 0.781 times
17 Fri May 2024 113.80 552.95 568.95 111.85 3.033 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

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
31 Fri May 2024 118.00 624.55 632.65 111.85 6.335 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 6, 71, 85 Sell
MACD -209, -205Sell
Stochastics 54None
CCI 62Buy
RSI 14Sell
OBV -2923373Sell
VWAP 117Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

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 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 short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Canara Bank ( (CanaraBank) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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. Bulls 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 moving up

CCI has generated a buy signal for Canara Bank in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 116.77 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 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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