Overall Technical outlook

Price Summary

On 2025-08-13, Canara Bank's stock opened at 109.8, reached a high of 110.49, dropped to a low of 108.55, and closed lower -0.74% at 108.99, with a trading volume of 12092631 shares.
Over the previous 52 weeks, the stock reached a high of 117.76 and a low of 80.9.
Based on recommendations from 18 analysts, the future price of CANBK is expected to range from 95.0 to 140.0, with an average price expectation around 123.19444.

Technicals

Support and Resistance: The current price for CANBK is 108.99, supported at 107.96 with resistance at 111.92. This indicates a trading range where 107.96 might prevent further declines, while 111.92 could hinder additional gains.
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Support/Resistance for CANBK


Aroon: The AROON is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments.
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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.
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Bolinger Bands chart for Canara Bank


Parabolic SAR: The PSAR's reversal from bearish to bullish suggests a possible trend change. When viewed in conjunction with other indicators, this shift could indicate a strong bullish signal for CANBK. Investors should consider this as a potential opportunity, particularly if the broader market trends support this reversal.
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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 current state of the Tripple MOVING AVG 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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Tripple SMA chart for Canara Bank


Before focusing on technical indicators like stock price and volume, it's important to consider a company's fundamentals. These include financial metrics such as profitability, revenue growth, and debt levels. Furthermore, understanding the industry landscape, including competition and consumer trends, provides essential context. By combining this fundamental analysis with technical data, investors can make more informed decisions and draw deeper conclusions about the company's potential for future growth and success.