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2021 Canara Bank (CANBK) technical analysis [forecast] stock price targets

Canara Bank technical analysis & forecast stock price targets, Daily, Weekly, Monthly technical analysis

Canara Bank deals in Banks Canara Bank option chain analysis

Date Close Open High Low Volume
16 Wed Jun 152.15 154.50 156.00 151.85 81.98 lakhs
15 Tue Jun 154.35 155.10 156.95 153.90 63.96 lakhs
14 Mon Jun 154.75 155.90 155.90 150.00 137.72 lakhs
11 Fri Jun 155.90 158.60 159.50 154.80 85.29 lakhs
10 Thu Jun 156.95 157.10 159.40 155.65 113.27 lakhs
CANBK chart

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 151.8 as stoploss in an intra day buy trade for a target of 156.34. However, stock will show a bearish move below 151.8.

  • Daily Price action analysis of CANBK 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.

  • Daily Price action analysis of CANBK 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.

  • Daily Price action analysis of CANBK based on a 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.

Intraday technical analysis of Canara Bank

Stock is trading at 152.20 as on 17 Thu Jun 10:25

Day open is at 150.60, day high is at 153.20, day low is at 149.50, and day volume is at 366.01 lakhs so far.

First 15 minute high low range is 149.50 - 151.20

First hour high low range is 149.50 - 153.00

Date Intraday Price Open High Low Volume
17 Thu Jun 10:25 152.20 150.60 153.20 149.50 4249297
17 Thu Jun 10:20 152.40 150.60 153.20 149.50 4197013
17 Thu Jun 10:15 152.65 150.60 153.20 149.50 3895832
17 Thu Jun 10:10 152.50 150.60 153.00 149.50 3429170
17 Thu Jun 10:05 152.05 150.60 153.00 149.50 3151454
Intraday CANBK chart

Prices of Canara Bank are surely coming down. Look for opportunities to sell in intraday.

Take a trade after 9:30am only.

Canara Bank (CANBK) intraday stock price targets

  • EntEntry: 150.35 or 152.9625
  • Upside target: 151.2
  • Downside target : 147.8
  • Second Upside target: 154.08
  • Second Downside target : 149.93

Canara Bank (CANBK) weekly technical analysis

Date Weekly Close Open Range Volume
16 Wed Jun 152.15 155.90 150.00
156.95
283.656 lakhs
11 Fri Jun 155.90 162.00 153.35
162.80
671.758 lakhs
04 Fri Jun 161.10 162.00 157.85
165.75
975.362 lakhs
28 Fri May 161.90 154.45 148.65
162.90
1836.157 lakhs
21 Fri May 152.85 149.00 145.15
157.65
1512.371 lakhs
weekly CANBK chart

Weekly forecast of Canara Bank is negative. Sellers dominated the stock this week, and might continue to dominate in coming days too.

Weekly Price action analysis of Canara Bank based on a short 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.

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

Canara Bank (CANBK) Monthly technical analysis

Date Monthly Close Open Range Volume
16 Wed Jun 152.15 161.60 150.00
165.75
1672.686 lakhs
31 Mon May 160.80 136.95 135.90
163.65
5675.788 lakhs
30 Fri Apr 138.75 154.40 124.30
157.40
3522.792 lakhs
31 Wed Mar 152.20 159.25 137.05
172.45
3935.332 lakhs
26 Fri Feb 157.20 134.15 132.00
174.60
6964.444 lakhs
monthly CANBK chart

Monthly forecast of Canara Bank is negative. Sellers dominated the stock this month, and might continue to dominate in coming days too.

Monthly Price action analysis of Canara Bank 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.

Monthly Price action analysis of Canara Bank 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.

Canara Bank Daily stock price targets

  • Upside daily target: 164.5
  • Upside daily target: 156.25

Canara Bank Weekly stock price targets

  • Upside weekly target: 169.53
  • Upside weekly target: 160.64
  • Upside weekly target: 152.5
  • Downside weekly target: 144.2
  • Downside weekly target: 135.25
  • Downside weekly target: 127.4

Canara Bank Monthly stock price targets

  • Upside monthly target: 187.2
  • Upside monthly target: 176.1
  • Upside monthly target: 162.33
  • Upside monthly target: 154.48
  • Downside monthly target: 144.6
  • Downside monthly target: 137.53
  • Downside monthly target: 127.85
  • Downside monthly target: 116.4
  • Downside monthly target: 100.36
  • Downside monthly target: 95.03
  • Downside monthly target: 87.5
  • Downside monthly target: 79.9
  • Downside monthly target: 71.2

Canara Bank (CANBK) indicators technical analysis

Price action analysis of Canara Bank (CANBK) 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.

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 but the sell signal is initial and weak.

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 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 157.7 and Canara Bank CANBK 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 CANBK stock. Volume based technical analysis of Canara Bank CANBK stock is negative.

Canara Bank Stock has given negative 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.

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chart CANBK