Munafa Canara Bank (CANBK) stock tips, volume analysis, indicator analysis [intraday, positional] for today and tomorrow

Canara Bank (CANBK) Indicator analysis

Canara Bank stock tips (delivery Volume analysis)

Total 5 day volume for Canara Bank is 96249433, out of which 40226282 went into delivery, which is 41.79 percent of total volumes

Volumes in the last session was 21735599, out of which 8205489 went into delivery, which is 37.75 percent of total volumes.

Although some deliveries are being taken in the stock, still its not a comfortable percentage. The stock might show a slow down or possibly a reversal of its trend in coming days.

Canara Bank CANBK intraday stock tips

16 Friday January Stock tips for Canara Bank (CANBK) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

It appears as if Canara Bank CANBK gave a large move recently.

Although my analysis for Canara Bank is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 156.9, for a target of 154.2 or 151.84

14 Wednesday January Stock tips for Canara Bank (CANBK) Stock is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

It appears as if Canara Bank CANBK gave a large move recently.

My analysis of Canara Bank is bullish for shortterm, but tip for tomorrow is selective. Take a BUY trade only if Canara Bank stays above 153.3, but if it comes below 153.3, then a intra day sell could be more profitable.
If you take a sell trade below 153.3, then use 153.3 as stoploss and 151.28 as target. However if you take a buy trade in Canara Bank, then use 153.3 as stoploss and 155.8 as target.

13 Tuesday January Stock tips for Canara Bank Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Canara Bank CANBK gave a large move recently.

My analysis of Canara Bank is bearish for shortterm, and stock might move down till 148.8 or till 146.2. Use a stoploss of 151 and if the stock hits stoploss, then it can shoot up till 153.2

12 Monday January Stock tips for Canara Bank Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Canara Bank CANBK gave a large move recently.

My analysis of Canara Bank is bearish for shortterm, and stock might move down till 148.7 or till 145.9. Use a stoploss of 151.01 and if the stock hits stoploss, then it can shoot up till 153.31

09 Friday January Stock tips for Canara Bank Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Canara Bank CANBK gave a large move recently.

My analysis of Canara Bank is bearish for shortterm, and stock might move down till 148.6 or till 145.6. Use a stoploss of 151.11 and if the stock hits stoploss, then it can shoot up till 153.62

08 Thursday January Stock tips for Canara Bank Stock is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

It appears as if Canara Bank CANBK gave a large move recently.

My analysis of Canara Bank is bearish for shortterm, and stock might move down till 148.5 or till 145.3. Use a stoploss of 151.17 and if the stock hits stoploss, then it can shoot up till 153.84

07 Wednesday January Stock tips for Canara Bank (CANBK) Stock is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

It appears as if Canara Bank CANBK gave a large move recently.

My analysis of Canara Bank is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 154.2 as stoploss in an intra day sell trade for a target of 151.24. However, stock will show a bullish move above 154.2.

Canara Bank CANBK tips for tomorrow

Tomorrow's movement Prediction of Canara Bank CANBK appears strongly Bullish. This stock started moving upwards as soon as it opened. Generally this happens when there is a positive sentiment following the stock, making it attractive. There's a good chance that this upwards movement will continue tomorrow as well.

Tomorrow's movement Prediction of Canara Bank CANBK is bullish. The stock is trading above weekly resistance and downside can only be expected once it trades below 154.07

Tomorrow's movement Prediction of Canara Bank CANBK is strongly bullish. It has broken a strong resistance of 153 and is expected to move up further.

Munafa value: 90

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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