Canara Bank share price forecast
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Canara Bank share price forecast – Stock Holding its previous bottom strong @ 286.
Stock holding its previous bottom strong, earlier Canara Bank broke its previous bottom but it failed to closed below it. Technical chart indicates as long as stock holds above, bulls will be favored. Weakness expecting once stock closes and below its recent bottom. For today’s trading (20-02-18) share price of Canara Bank opened 305.35, made an intraday high 316 and intraday low 299.15 and stock closed with a gain of 6.90 up by 2.27% and closed at 311.10.
Canara Bank price forecast – Stock moving up from its previous bottom support, further rise expecting.
EOD chart of Canara Bank indicates that stock moving up from strong trend line support zone. If stock hods above its trend line then further bulls action expecting. For today’s trading 08-02-2018 share price of Canara Bank closed with a gain of Rs.7.45 up by 2.37%. Stock opened 314, intraday high 328, intraday low 312.60 and closed at 321.80. Stock was on news today – The company’s board in its meeting held on February 6 has decided to raise capital by issue of equity shares in favour of Government of India, on preferential allotment aggregating to Rs 4,865 crore.
Canara Bank is on bull run
Stock is on bull run after it broke its resistance zone @ 368 as shown in our previous Canara Bank stock analysis. Technical chart indicates if stock moves up further then it will find next strong resistance around 379 its previous top. Visit this page for CanBk stock price forecast.
For today’s (19-07-17) share price of Canara Bank trading with a gain of Rs. 3.60 (+0.98%) at Rs. 372.15 at 12:31 pm. Stock opened 371.70, high 373.50 and low 369.45. Total traded volumes were 1450277.
Stock is about to come out with its Q1 results, analyst are expecting that bank may see a growth of 33% in its net profit to Rs. 304 cr against 229 cr from its last fiscal.
Canara Bank stock forecast
Stock finding trend line resistance at current levels. Technical chart indicates stock can see further bulls action once it closes and holds above its resistance zone @ 368. If fails to hold above then correction expecting in coming day. As per current chart stock will find resistance around 368 and 379, will find support around 326 and 317.
Share price of Canara Bank today trading around 358 down by Rs. 4.15 (-1.15%) at NSE 10:31 am. Stock opened 363 with a same intraday high 363 and made an intraday low of Rs.357. Total traded volume so far is 432017. 52 weeks of Canara Bank is 416 and 52 weeks low is 227.18.