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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)

Showing technical analysis as on 2023-03-17 View latest technical analysis

10 day averaged volume of Canara Bank is 393442

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	281.75	286.55	286.55	276.60	0.623 times
16 Thu Mar 2023	281.60	280.90	285.55	275.80	0.586 times
15 Wed Mar 2023	280.95	288.05	290.70	279.00	0.417 times
14 Tue Mar 2023	286.20	288.95	289.70	281.35	1.495 times
13 Mon Mar 2023	288.65	297.45	303.50	287.60	0.915 times
10 Fri Mar 2023	298.10	305.50	306.15	295.35	1.164 times
09 Thu Mar 2023	310.35	311.50	313.75	309.15	0.795 times
08 Wed Mar 2023	311.50	302.50	312.00	302.10	1.09 times
06 Mon Mar 2023	305.65	306.30	308.95	304.55	0.755 times
03 Fri Mar 2023	305.25	293.35	306.00	293.35	2.143 times

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 276.2 as stoploss in an intra day buy trade for a target of 288.27. However, stock will show a bearish move below 276.2.

Share price targets for Canara Bank (CanaraBank)

Target Type	Value
Downside Target	268.85
Downside Target	275.80
Upside Target	283.75
Upside Target	295.35
Upside Target	303.50
Upside Target	306.00
Upside Target	309.00
Upside Target	313.75
Upside Target	334.00
Upside Target	336.65
Upside Target	341.60

Intraday share price targets for Canara Bank (CanaraBank)

Target Type	Value
Downside Intraday Target	270.53
Downside Intraday Target	259.32
Upside Intraday Target	298.23
Upside Intraday Target	314.72
Upside Intraday Target	287.02

Weekly technical analysis of Canara Bank (CanaraBank)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri Mar 2023	281.75	297.45	303.50	275.80	1.061 times
10 Fri Mar 2023	298.10	306.30	313.75	295.35	0.819 times
03 Fri Mar 2023	305.25	271.05	306.00	269.75	1.503 times
24 Fri Feb 2023	271.05	293.30	296.00	268.85	1.267 times
17 Fri Feb 2023	293.55	295.75	298.55	284.00	0.739 times

Price has moved down 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
17 Fri Mar 2023	281.75	279.00	313.75	275.80	0.725 times
28 Tue Feb 2023	279.45	307.55	309.00	268.85	0.795 times
31 Tue Jan 2023	303.80	335.60	341.60	283.75	0.729 times
30 Fri Dec 2022	333.55	316.30	336.65	288.20	1.242 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 (CanaraBank)

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 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 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 losing 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 below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Canara Bank in short term but BUY signal is weak.

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 297.29 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.