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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
17 Fri Sep 162.75 169.30 171.25 159.20 448.57 lakhs
16 Thu Sep 166.75 161.60 167.80 160.45 379.66 lakhs
15 Wed Sep 161.60 156.40 162.05 155.50 190.04 lakhs
14 Tue Sep 155.25 157.00 157.90 154.65 96.77 lakhs
13 Mon Sep 156.80 157.00 158.10 155.45 66.45 lakhs
CANBK chart

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 161.3, but if it comes below 161.3, then a intra day sell could be more profitable.
If you take a sell trade below 161.3, then use 161.3 as stoploss and 157.33 as target. However if you take a buy trade in stock , then use 161.3 as stoploss and 166.1 as target.

  • 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 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 162.35 as on 20 Mon Sep 10:25

Day open is at 159.00, day high is at 162.75, day low is at 158.70, and day volume is at 384.97 lakhs so far.

First 15 minute high low range is 158.70 - 161.00

First hour high low range is 158.70 - 162.20

Date Intraday Price Open High Low Volume
20 Mon Sep 10:25 162.35 159.00 162.75 158.70 4113632
20 Mon Sep 10:20 162.20 159.00 162.25 158.70 3801151
20 Mon Sep 10:15 161.55 159.00 162.20 158.70 3655304
20 Mon Sep 10:10 161.85 159.00 162.20 158.70 3467259
20 Mon Sep 10:05 161.70 159.00 162.20 158.70 3332615
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: 159.85 or 163.1
  • Upside target: 161
  • Downside target : 156.4
  • Second Upside target: 167
  • Second Downside target : 154.95

Canara Bank (CANBK) weekly technical analysis

Date Weekly Close Open Range Volume
17 Fri Sep 162.75 157.00 154.65
171.25
1181.489 lakhs
09 Thu Sep 157.50 161.70 155.20
164.00
569.332 lakhs
03 Fri Sep 160.70 153.00 152.10
163.45
997.77 lakhs
27 Fri Aug 151.60 154.00 148.20
156.80
878.909 lakhs
20 Fri Aug 152.80 155.00 151.00
160.20
915.857 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Canara Bank (CANBK) Monthly technical analysis

Date Monthly Close Open Range Volume
17 Fri Sep 162.75 159.00 154.65
171.25
2292.199 lakhs
31 Tue Aug 159.10 154.70 148.20
162.50
3336.761 lakhs
30 Fri Jul 153.20 152.60 142.10
157.00
2056.414 lakhs
30 Wed Jun 151.85 161.60 141.45
165.75
3022.396 lakhs
31 Mon May 160.80 136.95 135.90
163.65
5675.788 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 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 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 Daily stock price targets

  • Upside daily target: 170.95
  • Downside daily target: 162.18
  • Downside daily target: 153.33

Canara Bank Weekly stock price targets

  • Upside weekly target: 175.3
  • Upside weekly target: 164.98
  • Downside weekly target: 157.11
  • Downside weekly target: 149.35
  • Downside weekly target: 141.23

Canara Bank Monthly stock price targets

  • Upside monthly target: 187.2
  • Upside monthly target: 176.1
  • Upside monthly target: 164.98
  • Downside monthly target: 156
  • Downside monthly target: 148.35
  • Downside monthly target: 137.53
  • Downside monthly target: 127.85
  • Downside monthly target: 116.4

Canara Bank (CANBK) indicators technical analysis

Price action analysis of Canara Bank (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.

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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Canara Bank is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 161.23 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 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