Overall Technical outlook

Price Summary

Canara Bank's stock sank -2.89% today, reflecting an lacklustrending market day.
On 2025-04-25, Canara Bank's stock began at 99.4, peaked at 99.71, declined to 96.02, and ended the day -2.89% lower at 96.53, with 41402413 shares traded.
The stock reached its highest price of 128.25 and its lowest price of 80.9 during the 52-week period.
Based on recommendations from 17 analysts, the future price of CANBK is expected to range from 80.0 to 125.0, with an average price expectation around 110.38235.

Technicals

Support and Resistance: The current price is 96.53, with support at 95.83 and resistance at 99.44. This range suggests that the price might move between these levels, with 95.83 offering support and 99.44 capping further gains for Canara Bank.
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Support/Resistance for CANBK


Aroon: The AROON is in a neutral stance for CANBK, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand.
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Aroon chart for Canara Bank


Bol. Bands: The BOLL BANDS is showing a neutral stance, with no definitive indication of an upward or downward trend for CANBK. This neutral position suggests a period of indecision in the market, making it difficult to predict the next move.
CANBK bbands c23db1
Bolinger Bands chart for Canara Bank


Parabolic SAR: The PSAR maintains its bullish stance, setting a significant support level that could help maintain the market's upward movement. This strong support suggests that the market is poised to continue its positive trend, providing confidence in the ongoing bullish momentum.
CANBK psar c23db1
Parabolic Stop and Reverse chart for Canara Bank


Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear.
CANBK stoch c23db1
Stochastic chart for Canara Bank


Tripple Moving Agerage: The current state of the Tripple MOVING AVG is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction.
CANBK trippleSMA c23db1
Tripple SMA chart for Canara Bank


Before focusing on a company's technical data, such as stock price movements, it's essential to analyze its fundamentals. These include factors like profitability, cash flow, and debt management. Additionally, considering the broader industry landscape—including market trends, competition, and regulatory changes—offers deeper insights. This comprehensive approach allows for a more meaningful interpretation of the company's technical indicators, providing a clearer picture of its financial health and future prospects.