Overall Technical outlook

Price Summary

On 2025-10-16, Canara Bank's shares started at 128.99, peaked at 130.14, bottomed out at 127.19, and ended -1.26% lower at 127.37, with 20078090 shares traded.
The peak price for the stock in the past 52 weeks is 128.41, with the lowest price being 80.9.
18 analysts predict that the future price of CANBK will be in the range of 95.0 to 150.0, with a mean expected price of about 126.19444.

Technicals


Aroon: The bullish trend indicated by Aroon persists, with Aroon Up holding steady at the 100 level. This shows strong market momentum, but further exploration using additional indicators is necessary to confirm the trend's strength and future potential.
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Aroon chart for Canara Bank


Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty.
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Bolinger Bands chart for Canara Bank


Parabolic SAR: The PSAR remains bullish, establishing a key support level that could help uphold the market's upward trajectory. This persistent bullish outlook suggests that the market may continue to rise, with the support providing a foundation for further gains.
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Parabolic Stop and Reverse chart for Canara Bank


Stochastic: The K-line for CANBK has dipped below the D-line on the stochastic indicator, while remaining above 80, suggesting that a bearish price move might be beginning. This pattern could indicate that the market's upward momentum is fading, possibly leading to a decline. Investors should keep an eye on this potential reversal.
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Stochastic chart for Canara Bank


Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned bearishly, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, indicating that this bearish momentum might be losing strength. This could suggest an upcoming shift towards bullish price action, as the market's current downward trend may be approaching a reversal, potentially leading to a new upward move.
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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.