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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
24 Wed Feb 160.85 159.40 163.70 155.35 172.41 lakhs
23 Tue Feb 159.30 155.00 160.70 155.00 202.25 lakhs
22 Mon Feb 154.70 160.00 161.00 153.50 165.44 lakhs
19 Fri Feb 160.00 167.00 169.20 158.25 322.83 lakhs
18 Thu Feb 168.40 168.00 174.60 165.35 565.53 lakhs
CANBK chart

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 165.8 as stoploss in an intra day sell trade for a target of 155.46. However, stock will show a bullish move above 165.8.

  • 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 163.50 as on 25 Thu Feb 10:05

Day open is at 163.00, day high is at 164.15, day low is at 162.40, and day volume is at 305.18 lakhs so far.

First 15 minute high low range is 162.40 - 163.50

First hour high low range is 162.40 - 164.15

Date Intraday Price Open High Low Volume
25 Thu Feb 10:05 163.50 163.00 164.15 162.40 4556876
25 Thu Feb 10:00 163.35 163.00 164.15 162.40 4312849
25 Thu Feb 9:55 163.15 163.00 164.15 162.40 4129304
25 Thu Feb 9:50 163.15 163.00 164.15 162.40 3767842
25 Thu Feb 9:45 163.50 163.00 164.15 162.40 3456334
Intraday CANBK chart

Prices of Canara Bank are definitely rising in intraday. Look for buy opportunities.

Take a trade after 9:30am only.

Canara Bank (CANBK) intraday stock price targets

  • EntEntry: 162.95 or 160.9
  • Upside target: 163.5
  • Downside target : 161.3
  • Second Upside target: 166.45
  • Second Downside target : 158.1

Canara Bank (CANBK) weekly technical analysis

Date Weekly Close Open Range Volume
24 Wed Feb 160.85 160.00 153.50
163.70
540.092 lakhs
19 Fri Feb 160.00 158.85 157.50
174.60
1879.837 lakhs
12 Fri Feb 157.10 162.40 153.80
163.75
1231.595 lakhs
05 Fri Feb 160.85 134.15 132.00
172.20
2939.842 lakhs
29 Fri Jan 132.00 134.90 123.70
138.75
1601.138 lakhs
weekly CANBK chart

Weekly forecast of Canara Bank is positive. Buyers dominated the stock this week, and this trend might continue for a few days

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
24 Wed Feb 160.85 134.15 132.00
174.60
6591.366 lakhs
29 Fri Jan 132.00 128.90 123.70
147.20
6724.386 lakhs
31 Thu Dec 128.95 104.95 103.85
146.65
8346.445 lakhs
27 Fri Nov 103.80 87.00 86.25
105.70
2211.146 lakhs
30 Fri Oct 86.20 89.00 84.35
95.10
1423.243 lakhs
monthly CANBK chart

Monthly forecast of Canara Bank is positive. Buyers dominated the stock this month, and this trend might continue for a few days

Monthly 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.

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: 176.13
  • Upside daily target: 166.88
  • Downside daily target: 158.93
  • Downside daily target: 150.35

Canara Bank Weekly stock price targets

  • Upside weekly target: 186.63
  • Upside weekly target: 175.85
  • Upside weekly target: 167.38
  • Downside weekly target: 159.31
  • Downside weekly target: 150.48
  • Downside weekly target: 141.03
  • Downside weekly target: 134.15
  • Downside weekly target: 126.73
  • Downside weekly target: 120.33
  • Downside weekly target: 112.98

Canara Bank Monthly stock price targets

  • Upside monthly target: 189.03
  • Downside monthly target: 160.51
  • Downside monthly target: 151.35
  • Downside monthly target: 137.53
  • Downside monthly target: 127.85
  • Downside monthly target: 116.4
  • Downside monthly target: 106.8
  • Downside monthly target: 100.36
  • Downside monthly target: 95.03
  • Downside monthly target: 87.5
  • Downside monthly target: 81.39
  • Downside monthly target: 72.53

Canara Bank (CANBK) indicators technical analysis

Price action analysis of Canara Bank (CANBK) 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.

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 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 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 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 162.55 and Canara Bank CANBK stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 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.

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chart CANBK