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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
₹116.40
₹3.65(3.04%)
Indian Market opens in 58h 48m

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 Bearish (RSI: 48.22)
Trend Strength:Weak (ADX: 18.07)
Volatility:Medium (ATR: 3.19)
Support/Resistance:$114.97 – $125.91 (Bollinger Bands)

Technical conditions suggest Canara Bank on the BSE is awaiting a decisive move. This mix signals that Canara Bank is trading in a balanced range with no clear breakout yet.

Momentum Indicators

RSI (14): 48.22

Bearish
Below midpoint indicates downward pressure.

Stochastic %K: 43.49

Neutral
Mid-range signal with no clear trend.

Williams %R: -60.41

Bearish
Sellers maintain momentum below neutral.

Rate of Change (ROC): 0.63

Neutral
Price change is minimal.

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

Trend & Volatility

MACD: -1.03

Bearish
Bearish, trend momentum is strengthening to the downside.

ADX: 18.07

Weak
Weak trend, market trading sideways.

ATR (14): 3.19

Medium
Medium volatility, healthy price movement.

CCI (14): 27.71

Bullish
Bullish, momentum building upward.

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

Support & Resistance indicators
Bollinger Bands
Upper Band
$125.91
Middle Band (SMA 20)
$120.44
Lower Band
$114.97
Current Position
Within Bands

Takeaway:Canara Bank trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$127.10
Middle Line (EMA 20)
$120.73
Lower Channel
$114.36
Squeeze Status
Squeeze On

Takeaway:Canara Bank trades below the trend line, showing weaker momentum inside the channel.

Volume & Money Flow Analysis
On-Balance Volume9.48M
Money Flow Index46.69Neutral, balanced money flows with no clear signal.
Relative Vigor Index60.48Bullish, price momentum strongly favors buyers.

Overall Takeaway:CANBK.BO shows mixed signals in money flow analysis.

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

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

Bearish Signals

No significant bearish signals detected.

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

(BSE: CANBK.BO) Technical Analysis FAQ