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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 2023-09-28 View latest technical analysis

10 day averaged volume of Canara Bank is 460695

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Sep 2023	374.65	376.90	383.10	373.50	1.263 times
27 Wed Sep 2023	374.25	369.80	374.95	365.65	0.677 times
26 Tue Sep 2023	369.75	377.20	378.60	368.50	0.735 times
25 Mon Sep 2023	375.10	384.00	384.45	373.75	0.774 times
22 Fri Sep 2023	382.85	368.45	385.85	368.45	1.917 times
21 Thu Sep 2023	364.20	369.15	376.05	360.60	0.988 times
20 Wed Sep 2023	371.00	370.95	376.00	366.90	0.526 times
18 Mon Sep 2023	372.10	366.00	377.00	364.45	1.061 times
15 Fri Sep 2023	364.80	366.65	368.35	362.00	0.958 times
14 Thu Sep 2023	365.05	364.90	368.80	360.80	1.171 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 374.3, but if it comes below 374.3, then a intra day sell could be more profitable.
If you take a sell trade below 374.3, then use 374.3 as stoploss and 356.14 as target. However if you take a buy trade in stock , then use 374.3 as stoploss and 396.1 as target.

Share price targets for Canara Bank (CanaraBank)

Target Type	Value
Downside Target	291.30
Downside Target	302.35
Downside Target	317.45
Downside Target	340.25
Downside Target	346.05
Downside Target	351.30
Downside Target	360.60
Downside Target	365.65
Downside Target	368.80
Upside Target	384.45
Upside Target	385.85

Intraday share price targets for Canara Bank (CanaraBank)

Target Type	Value
Downside Intraday Target	365.38
Downside Intraday Target	356.12
Upside Intraday Target	384.18
Upside Intraday Target	393.72
Upside Intraday Target	374.92

Weekly technical analysis of Canara Bank (CanaraBank)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Sep 2023	374.65	384.00	384.45	365.65	0.768 times
22 Fri Sep 2023	382.85	366.00	385.85	360.60	0.668 times
15 Fri Sep 2023	364.80	341.75	368.80	340.25	2.24 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

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
28 Thu Sep 2023	374.65	321.50	385.85	320.55	1.001 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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 372.32 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.