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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
CANBK chart

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
Intraday CANBK chart

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 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 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 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 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) 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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chart CANBK