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 165177629, out of which 53366141 went into delivery, which is 32.31 percent of total volumes

Volumes in the last session was 21722400, out of which 7292384 went into delivery, which is 33.57 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

13 Wednesday May Stock tips for Canara Bank Stock is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

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

My analysis of Canara Bank is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Canara Bank stays below 130.7, but if it comes above 130.7, then a intra day buy could be more profitable.
If you take a sell trade below 130.7, then use 130.7 as stoploss and 125 as target. However if you take a buy trade in Canara Bank, then use 130.7 as stoploss and 135.4 as target.

12 Tuesday May 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, but trade for tomorrow is selective. Take a sell trade only if Canara Bank stays below 131.7, but if it comes above 131.7, then a intra day buy could be more profitable.
If you take a sell trade below 131.7, then use 131.7 as stoploss and 126.6 as target. However if you take a buy trade in Canara Bank, then use 131.7 as stoploss and 136.05 as target.

11 Monday May 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.

Although my analysis for Canara Bank is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 128.1, for a target of 132.8 or 136.69

08 Friday May 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, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 134.2 as stoploss in an intra day buy trade for a target of 137.45. However, stock will show a bearish move below 134.2.

07 Thursday May 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, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 134.7 as stoploss in an intra day buy trade for a target of 137.78. However, stock will show a bearish move below 134.7.

06 Wednesday May 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, and stock might move up till 141.7 or till 146.1. Use a stoploss of 137.98 and if this stock hits its stoploss, then it can fall down till 134.29

05 Tuesday May Stock tips for Canara Bank Stock is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

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

My analysis of Canara Bank is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 133.8 as stoploss in an intra day buy trade for a target of 137.97. However, stock will show a bearish move below 133.8.

Canara Bank CANBK tips for tomorrow

Tomorrow's movement Prediction of Canara Bank CANBK appears undecisive. It can be Bearish or Bullish. You should wait for the first half to take a decision on this stock. If it shows signs of weakness in the latter half, then this trend can continue tomorrow as well. Similarly, if it shows signs of strength in the latter half, then this trend can continue in the next trading session as well.

Tomorrow's movement Prediction of Canara Bank CANBK is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 130.85

Munafa value: 36

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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