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CANBKMARKET OUTLOOKSTOCK OUTLOOK

Canara Bank Outlook for the Week (January 29, 2024 – February 02, 2024)

Canara Bank
Canara Bank
Canara Bank closed the previous week on a negative note losing 8.64%.

Technically, Canara Bank share price will see immediate support at 443.90 and immediate resistance would be seen at 485.80.

If Canara Bank share price closes below immediate support of 443.90, then sharp breakdown can be seen. Canara Bank share price will see major support at 422.50 for the week.

On the positive side, immediate resistance will be seen at 485.80. Closing above 485.80, Canara Bank share price will see a sharp breakout. Major resistance for Canara Bank share price will be seen at 506.30 for the week.

Trading range for Canara Bank share price for this week should be between 402.00 on down side and 527.70 on up side.

Canara Bank Previous Week High: 484.9

Canara Bank Previous Week Low: 443

Canara Bank Previous Week Range: 41.9 Points

Canara Bank share price support and resistance for the week (January 29, 2024 – February 02, 2024)

Level Type Value
Resistance 3 527.70
Resistance 2 506.30
Resistance 1 485.80
Support 1 443.90
Support 2 422.50
Support 3 402.00
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