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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 2023-09-12 View latest technical analysis

10 day averaged volume of Canara Bank is 325339

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Sep 2023	348.75	363.55	363.55	347.20	2.251 times
11 Mon Sep 2023	360.05	341.75	363.00	340.25	2.57 times
08 Fri Sep 2023	338.85	339.00	343.45	335.50	0.591 times
07 Thu Sep 2023	338.55	334.90	339.30	333.45	1.031 times
06 Wed Sep 2023	334.25	339.70	339.70	332.60	0.346 times
05 Tue Sep 2023	338.30	337.85	341.15	333.90	1.396 times
04 Mon Sep 2023	336.70	329.05	338.50	327.40	0.89 times
01 Fri Sep 2023	328.40	321.50	330.20	320.55	1.184 times
31 Thu Aug 2023	320.50	326.00	327.40	319.40	0.478 times
30 Wed Aug 2023	325.50	330.80	330.80	324.90	0.521 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 bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 352.3, for a target of 341.6 or 332.64

Share price targets for Canara Bank (CanaraBank)

Target Type	Value
Downside Target	291.30
Downside Target	302.35
Downside Target	317.45
Downside Target	333.35
Downside Target	337.50
Downside Target	340.25
Downside Target	343.45
Downside Target	346.05
Upside Target	351.30
Upside Target	363.55

Intraday share price targets for Canara Bank (CanaraBank)

Target Type	Value
Downside Intraday Target	338.15
Downside Intraday Target	327.55
Upside Intraday Target	361.45
Upside Intraday Target	374.15
Upside Intraday Target	350.85

Weekly technical analysis of Canara Bank (CanaraBank)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Sep 2023	348.75	341.75	363.55	340.25	1.134 times
08 Fri Sep 2023	338.85	329.05	343.45	327.40	0.975 times
01 Fri Sep 2023	328.40	327.00	330.80	319.40	0.649 times
25 Fri Aug 2023	325.50	327.65	337.50	325.00	1.813 times
18 Fri Aug 2023	328.05	332.00	333.35	323.05	0.525 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
12 Tue Sep 2023	348.75	321.50	363.55	320.55	0.392 times
31 Thu Aug 2023	320.50	344.75	346.05	319.40	0.955 times
31 Mon Jul 2023	344.30	302.35	351.30	302.35	1.772 times
30 Fri Jun 2023	301.80	309.00	317.45	291.45	0.533 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 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 green color and prices are above the green cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 342.77 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 positive

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