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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
03 Fri Jul 103.00 105.35 105.40 102.30 90.26 lakhs
02 Thu Jul 104.55 105.75 106.75 103.50 117.95 lakhs
01 Wed Jul 105.50 100.60 106.00 99.50 184.04 lakhs
30 Tue Jun 100.55 103.50 104.50 100.05 112.96 lakhs
29 Mon Jun 102.00 103.95 104.15 100.20 127.47 lakhs
CANBK chart

My analysis of stock is bearish for shortterm, and stock might move down till 100.7 or till 96.3. Use a stoploss of 104.32 and if the stock hits stoploss, then it can shoot up till 107.99

  • Daily Price action analysis of CANBK 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.

  • 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 103.00 as on 03 Fri Jul 15:33

Day open is at 105.35, day high is at 105.40, day low is at 102.30, and day volume is at 3869.83 lakhs so far.

First 15 minute high low range is 104.20 - 105.40

First hour high low range is 102.65 - 105.40

Date Intraday Price Open High Low Volume
03 Fri Jul 15:33 103.00 105.35 105.40 102.30 9019202
03 Fri Jul 15:30 102.95 105.35 105.40 102.30 9019202
03 Fri Jul 15:25 103.00 105.35 105.40 102.30 8878649
03 Fri Jul 15:20 103.10 105.35 105.40 102.30 8727683
03 Fri Jul 15:15 103.00 105.35 105.40 102.30 8338272
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: 104.8 or 103.25
  • Upside target: 105.4
  • Downside target : 103
  • Second Upside target: 104.2
  • Second Downside target : 101.1

Canara Bank (CANBK) weekly technical analysis

Date Weekly Close Open Range Volume
03 Fri Jul 103.00 103.95 99.50
106.75
632.687 lakhs
26 Fri Jun 104.50 107.95 102.00
118.30
1355.88 lakhs
19 Fri Jun 107.35 103.50 98.70
108.50
1034.053 lakhs
12 Fri Jun 103.75 107.90 94.50
109.30
1217.664 lakhs
05 Fri Jun 104.30 85.15 85.00
106.15
1303.301 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Weekly 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 (CANBK) Monthly technical analysis

Date Monthly Close Open Range Volume
03 Fri Jul 103.00 100.60 99.50
106.75
392.256 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
30 Thu Apr 87.90 91.50 79.55
94.15
2045.888 lakhs
31 Tue Mar 90.50 146.30 73.65
147.90
2433.616 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 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: 116.6
  • Upside daily target: 110.95
  • Upside daily target: 105.65
  • Downside daily target: 99.13

Canara Bank Weekly stock price targets

  • Upside weekly target: 115.8
  • Upside weekly target: 106.7
  • Downside weekly target: 100.51
  • Downside weekly target: 95.1
  • Downside weekly target: 88.88
  • Downside weekly target: 84.2
  • Downside weekly target: 79.98
  • Downside weekly target: 74.18

Canara Bank Monthly stock price targets

  • Upside monthly target: 250.98
  • Upside monthly target: 227.1
  • Upside monthly target: 216.23
  • Upside monthly target: 200.35
  • Upside monthly target: 187.08
  • Upside monthly target: 174.63
  • Upside monthly target: 157.39
  • Upside monthly target: 126.08
  • Upside monthly target: 119.2
  • Upside monthly target: 109.23
  • Upside monthly target: 104
  • Downside monthly target: 96.43
  • Downside monthly target: 91.03
  • Downside monthly target: 85.29
  • 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Canara Bank stock for short term is BUY. Signal strength is Weak and stock is losing 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 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 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 107.02 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