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Canara Bank

CANBK.BO Technical Analysis Summary (BSE)

Analyze CANBK.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

CANBK.BO●BSE
Financial ServicesBanks - Regional
₹129.50
₹0.95(0.74%)
Indian Market opens in 28h 51m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

CANBK.BO Technical Analysis Summary (BSE)

Canara Bank (BSE: CANBK.BO) stock currently shows a neutral trend on the BSE, supported by momentum and balanced buying pressure.

Overall Sentiment:Neutral
Momentum:Neutral to Bullish (RSI: 52.09)
Trend Strength:Weak (ADX: 10.82)
Volatility:Medium (ATR: 2.61)
Support/Resistance:$123.69 – $133.68 (Bollinger Bands)

Technical conditions suggest Canara Bank on the BSE is awaiting a decisive move. Overall, Canara Bank remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 52.09

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 47.55

Neutral
Mid-range signal with no clear trend.

Williams %R: -52.94

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 1.97

Bullish
Steady upward momentum.

Takeaway:Canara Bank shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 0.63

Bullish
Bullish, trend momentum is strengthening.

ADX: 10.82

Weak
Weak trend, market trading sideways.

ATR (14): 2.61

Medium
Medium volatility, healthy price movement.

CCI (14): -47.86

Bearish
Bearish, momentum remains under pressure.

Takeaway:Canara Bank shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators
Bollinger Bands
Upper Band
$133.68
Middle Band (SMA 20)
$128.69
Lower Band
$123.69
Current Position
Within Bands

Takeaway:Canara Bank trades around the middle band, reflecting balanced price action.

Keltner Channels
Upper Channel
$134.32
Middle Line (EMA 20)
$129.10
Lower Channel
$123.88
Squeeze Status
Squeeze On

Takeaway:Canara Bank trades above the trend line, showing healthy momentum within the channel.

Volume & Money Flow Analysis
On-Balance Volume13.13M
Money Flow Index63.66Bullish, inflows support continued momentum.
Relative Vigor Index54.33Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:CANBK.BO shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Canara Bank (BSE: CANBK.BO), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

Price trading above middle Bollinger Band → mid-term support intact.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

Overall Recommendation:Technical indicators for Canara Bank are mixed, suggesting a Hold or wait-and-see approach.

(BSE: CANBK.BO) Technical Analysis FAQ