Overall Technical outlook

Price Summary

Canara Bank's stock increased 3.84% today, marking a robust performance in the market.
On 2026-02-02, Canara Bank's stock opened at 141.05, reached a high of 146.97, dropped to a low of 139.0, and closed up 3.84% at 146.47, with a trading volume of 32602393 shares.
In the past year, the highest stock price was 157.74, and the lowest was 80.9.
CANBK's future price is expected to lie between 115.0 and 177.0, with an average expectation of 160.225, as per the recommendations of 20 analysts.

Technicals

Support and Resistance: The price of 146.47 is supported at 146.19 and capped by resistance at 152.03. These levels mark key points for Canara Bank where the price could find stability, with 146.19 as a floor and 152.03 as a ceiling.
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Support/Resistance for CANBK


Aroon: The continuation of Aroon's bearish trend for CANBK, with Aroon Down still at the 100 level, signals ongoing weakness. To fully assess this trend, it should be explored further in conjunction with other indicators.
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Aroon chart for Canara Bank


Bol. Bands: After the previous move, the price has dipped below the lower Bollinger Band and has remained there. This ongoing position beneath the band suggests that the market is under significant downward pressure, possibly oversold. The continued stay in this zone indicates that the bearish trend may persist, with traders potentially viewing this as a sign of sustained negative momentum for CANBK.
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Bolinger Bands chart for Canara Bank


Parabolic SAR: The PSAR remains bearish for Canara Bank, establishing a crucial resistance level that could hinder any bullish attempts. This ongoing bearish outlook suggests that the market may continue to face resistance, making it difficult for prices to rise.
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Parabolic Stop and Reverse chart for Canara Bank


Stochastic: The current reading of the STOCHASTIC indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty.
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Stochastic chart for Canara Bank


Tripple Moving Agerage: The Tripple MOVING AVG 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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Tripple SMA chart for Canara Bank


A company's technical data, including stock price and trading volume, can provide valuable insights when considered alongside its fundamentals. These include financial performance, market share, and growth strategy, as well as broader industry dynamics. Examining these factors helps investors or analysts make more informed decisions, as the company's fundamentals offer context for understanding how and why certain technical patterns may emerge in the market.