Overall Technical outlook

Price Summary

On 2025-06-12, Canara Bank's shares started at 117.7, peaked at 117.79, bottomed out at 115.1, and ended -1.75% lower at 115.64, with 33162838 shares traded.
In the 52-week period, the stock's peak price is 121.88, and the lowest price recorded is 80.9.
As per recommendations from 17 analysts, CANBK's future price is expected to span between 80.0 and 130.0, with a mean price around 113.08824.

Technicals

Support and Resistance: The price for CANBK at 115.64 is supported by the 107.96 level and faces resistance at 115.91. This range indicates key levels where the price may find buyers near 107.96 and sellers near 115.91, defining a trading range.
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Support/Resistance for CANBK


Aroon: The AROON is currently neutral, showing no clear bias toward an upward or downward trend. This suggests that the market may be in a phase of indecision or consolidation.
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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 has just shifted from bullish to bearish, hinting at a potential market decline. If this reversal is supported by other trends, it could be a very bearish signal for CANBK. Investors should be vigilant and seek further confirmation before taking action.
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Parabolic Stop and Reverse chart for Canara Bank


Stochastic: The stochastic indicator shows the K-line below the D-line and above 80, pointing to the potential onset of a bearish price move. This setup could indicate that the market's recent gains are starting to reverse, possibly leading to a downturn. Traders should monitor this closely for further bearish signals.
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Stochastic chart for Canara Bank


Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that the bearish momentum is starting to weaken for Canara Bank. This could be an early sign of a potential bullish reversal, as the market's downward trend loses strength, possibly leading to a shift towards more positive price action.
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Tripple SMA chart for Canara Bank


Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.