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CANBKMARKET OUTLOOKSTOCK OUTLOOK

Canara Bank Outlook for the Week (December 04, 2023 – December 08, 2023)

Canara Bank
Canara Bank
Canara Bank closed the previous week on a negative note losing 6.93%.

Technically, Canara Bank share price will see immediate support at 393.85 and immediate resistance would be seen at 422.90.

If Canara Bank share price closes below immediate support of 393.85, then sharp breakdown can be seen. Canara Bank share price will see major support at 377.40 for the week.

On the positive side, immediate resistance will be seen at 422.90. Closing above 422.90, Canara Bank share price will see a sharp breakout. Major resistance for Canara Bank share price will be seen at 435.50 for the week.

Trading range for Canara Bank share price for this week should be between 364.80 on down side and 451.95 on up side.

Canara Bank Previous Week High: 419.05

Canara Bank Previous Week Low: 390

Canara Bank Previous Week Range: 29.05 Points

Canara Bank share price support and resistance for the week (December 04, 2023 – December 08, 2023)

Level Type Value
Resistance 3 451.95
Resistance 2 435.50
Resistance 1 422.90
Support 1 393.85
Support 2 377.40
Support 3 364.80
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