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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
24 Tue Nov 93.25 94.65 94.80 92.50 100.87 lakhs
23 Mon Nov 93.85 94.40 94.45 92.65 60.9 lakhs
20 Fri Nov 93.30 93.75 94.00 92.40 50.17 lakhs
19 Thu Nov 93.30 93.95 95.30 93.00 68.87 lakhs
18 Wed Nov 94.35 92.40 94.70 92.15 77.7 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 94.3 as stoploss in an intra day sell trade for a target of 91.36. However, stock will show a bullish move above 94.3.

  • Daily Price action analysis of CANBK 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.

  • 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 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 97.00 as on 25 Wed Nov 13:05

Day open is at 94.00, day high is at 97.80, day low is at 94.00, and day volume is at 5702.84 lakhs so far.

First 15 minute high low range is 94.00 - 96.80

First hour high low range is 94.00 - 97.80

Date Intraday Price Open High Low Volume
25 Wed Nov 13:05 97.00 94.00 97.80 94.00 17574541
25 Wed Nov 13:00 96.70 94.00 97.80 94.00 17150398
25 Wed Nov 12:55 96.50 94.00 97.80 94.00 17018228
25 Wed Nov 12:50 96.80 94.00 97.80 94.00 16878904
25 Wed Nov 12:45 96.90 94.00 97.80 94.00 16724658
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: 95.4 or 93.2625
  • Upside target: 96.8
  • Downside target : 91.2
  • Second Upside target: 94.03
  • Second Downside target : 91.73

Canara Bank (CANBK) weekly technical analysis

Date Weekly Close Open Range Volume
24 Tue Nov 93.25 94.40 92.50
94.80
161.766 lakhs
20 Fri Nov 93.30 92.05 91.80
95.30
265.833 lakhs
13 Fri Nov 91.50 92.80 90.30
97.70
529.829 lakhs
06 Fri Nov 92.05 87.00 86.25
93.50
436.468 lakhs
30 Fri Oct 86.20 89.55 84.35
90.50
378.455 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 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
24 Tue Nov 93.25 87.00 86.25
97.70
1393.896 lakhs
30 Fri Oct 86.20 89.00 84.35
95.10
1423.243 lakhs
30 Wed Sep 88.85 108.00 82.25
110.95
1744.316 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
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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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: 96.03
  • Downside daily target: 91.45

Canara Bank Weekly stock price targets

  • Upside weekly target: 96.4
  • Downside weekly target: 91.73
  • Downside weekly target: 87.2
  • Downside weekly target: 82.2
  • Downside weekly target: 76.33

Canara Bank Monthly stock price targets

  • 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: 93.73
  • Downside monthly target: 87.5
  • 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 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 Strong and stock is gaining momentum.

MACD generated a BUY signal for Canara Bank in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Canara Bank Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 93.17 and Canara Bank CANBK stock is trading above this level. This is a good sign for the stock and it could move higher. 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