Stock analysis Canara Bank CANBK
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Recent prices of CANBK Canara Bank are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 17 Fri May 2024 | 113.80 | 113.20 to 115.20 | 0.09% | 1.7 times |
| 16 Thu May 2024 | 113.70 | 111.80 to 120.35 | -4.45% | 3.62 times |
| 15 Wed May 2024 | 119.00 | 116.00 to 119.60 | -79% | 2.52 times |
| 14 Tue May 2024 | 566.55 | 553.55 to 569.00 | 3.13% | 0.4 times |
| 13 Mon May 2024 | 549.35 | 532.00 to 555.00 | 0.22% | 0.45 times |
| 10 Fri May 2024 | 548.15 | 540.70 to 557.20 | 0.49% | 0.34 times |
| 09 Thu May 2024 | 545.50 | 542.00 to 568.00 | -2.19% | 0.57 times |
| 08 Wed May 2024 | 557.70 | 554.05 to 598.50 | -3.3% | 0.99 times |
| 07 Tue May 2024 | 576.75 | 572.00 to 596.75 | -2.54% | 0.37 times |
| 06 Mon May 2024 | 591.80 | 588.30 to 628.95 | -5.41% | 0.57 times |
| 03 Fri May 2024 | 625.65 | 619.00 to 632.90 | -0.47% | 0.17 times |
| 02 Thu May 2024 | 628.60 | 623.05 to 631.00 | 1.07% | 0.19 times |
Technical analysis forecast for Canara Bank Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Canara Bank CANBK at this time. Stock is falling and might fall more.
It appears as if Canara Bank CANBK gave a large move recently.
Stock of Canara Bank (CANBK) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
Although my analysis for Canara Bank is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 83.7, for a target of 289.8 or 461.54