2020 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 |
| 25 Fri Sep | 87.10 | 84.25 | 87.50 | 82.25 | 87.42 lakhs |
| 24 Thu Sep | 83.30 | 86.00 | 86.70 | 82.50 | 97.4 lakhs |
| 23 Wed Sep | 88.15 | 90.90 | 91.70 | 86.30 | 115.28 lakhs |
| 22 Tue Sep | 89.50 | 95.35 | 95.35 | 88.00 | 162.16 lakhs |
| 21 Mon Sep | 95.65 | 98.55 | 98.95 | 95.00 | 50.01 lakhs |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 92, but if it comes above 92, then a intra day buy could be more profitable.
If you take a sell trade below 92, then use 92 as stoploss and 83.9 as target. However if you take a buy trade in stock , then use 92 as stoploss and 98.77 as target.
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 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 mid 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.
Intraday technical analysis of Canara Bank
Stock is trading at 87.10 as on 25 Fri Sep 15:33
Day open is at 84.25, day high is at 87.50, day low is at 82.25, and day volume is at 3692.76 lakhs so far.
First 15 minute high low range is 83.35 - 84.30
First hour high low range is 82.65 - 84.30
| Date | Intraday Price | Open | High | Low | Volume |
| 25 Fri Sep 15:33 | 87.10 | 84.25 | 87.50 | 82.25 | 8737582 |
| 25 Fri Sep 15:30 | 87.30 | 84.25 | 87.50 | 82.25 | 8737582 |
| 25 Fri Sep 15:25 | 87.20 | 84.25 | 87.50 | 82.25 | 8617608 |
| 25 Fri Sep 15:20 | 87.00 | 84.25 | 87.50 | 82.25 | 8462242 |
| 25 Fri Sep 15:15 | 87.35 | 84.25 | 87.50 | 82.25 | 8308088 |
Trend of Canara Bank is not defined as of yet. Wait for entry and exit levels given below.
Take a trade after 9:30am only.
Canara Bank (CANBK) intraday stock price targets
- EntEntry: 83.83 or 86.0875
- Upside target: 84.3
- Downside target : 82.4
- Second Upside target: 89.93
- Second Downside target : 84.68
Canara Bank (CANBK) weekly technical analysis
| Date | Weekly Close | Open | Range | Volume |
| 25 Fri Sep | 87.10 | 98.55 | 82.25 98.95 |
512.28 lakhs |
| 18 Fri Sep | 98.70 | 102.00 | 98.25 102.90 |
187.761 lakhs |
| 11 Fri Sep | 100.85 | 102.75 | 95.70 103.60 |
350.717 lakhs |
| 04 Fri Sep | 103.25 | 117.60 | 102.20 119.45 |
801.861 lakhs |
| 28 Fri Aug | 114.80 | 105.50 | 103.10 115.90 |
869.069 lakhs |
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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Weekly Price action analysis of Canara Bank based on a short to mid 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.
Canara Bank (CANBK) Monthly technical analysis
| Date | Monthly Close | Open | Range | Volume |
| 25 Fri Sep | 87.10 | 108.00 | 82.25 110.95 |
1548.84 lakhs |
| 31 Mon Aug | 107.50 | 101.80 | 98.90 119.45 |
2672.708 lakhs |
| 31 Fri Jul | 101.85 | 100.60 | 98.35 113.50 |
3053.65 lakhs |
| 30 Tue Jun | 100.55 | 85.15 | 85.00 118.30 |
5151.329 lakhs |
| 29 Fri May | 83.80 | 85.50 | 75.75 90.25 |
2077.523 lakhs |
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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.
Monthly Price action analysis of Canara Bank based on a short to mid 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.
Canara Bank Daily stock price targets
- Upside daily target: 101.65
- Upside daily target: 96.15
- Upside daily target: 90.21
- Downside daily target: 85.08
- Downside daily target: 80.8
Canara Bank Weekly stock price targets
- Upside weekly target: 121.75
- Upside weekly target: 112.43
- Upside weekly target: 106.78
- Upside weekly target: 101.6
- Upside weekly target: 96.15
- Upside weekly target: 87.64
- Downside weekly target: 76.33
Canara Bank Monthly stock price targets
- Upside monthly target: 227.1
- Upside monthly target: 216.23
- Upside monthly target: 200.35
- Upside monthly target: 186.58
- Upside monthly target: 174.63
- Upside monthly target: 157.39
- Upside monthly target: 126.08
- Upside monthly target: 119.2
- Upside monthly target: 111.33
- Upside monthly target: 105.54
- Upside monthly target: 100.1
- Upside monthly target: 92.78
- Downside monthly target: 87.03
- Downside monthly target: 81.39
- Downside monthly target: 76.43
- Downside monthly target: 72.53
- Downside monthly target: 44.95
Canara Bank (CANBK) most active calls puts options
- CE of strike 90
- PE of strike 80
- CE of strike 100
- CE of strike 95
- CE of strike 85
- PE of strike 70
- PE of strike 75
- CE of strike 80
- PE of strike 85
- CE of strike 110
- CE of strike 88
- PE of strike 90
- CE of strike 93
- CE of strike 105
- PE of strike 100
- PE of strike 95
- CE of strike 83
- PE of strike 60
- PE of strike 83
- CE of strike 120
- PE of strike 78
- CE of strike 75
- PE of strike 73
- CE of strike 73
- PE of strike 88
- PE of strike 138
- PE of strike 65
- CE of strike 65
- PE of strike 93
- CE of strike 63
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 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 weakening, and bulls are picking up momentum!
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 but BUY signal is weak.
RSI is generating a BUY signal in short term and the buying is gaining 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 91.37 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 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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