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By EquityPandit

CANBKMARKET OUTLOOKSTOCK OUTLOOK

Canara Bank Outlook for the Week (August 14, 2023 – August 18, 2023)

Canara Bank closed the previous week on a negative note losing 3.56%.

Technically, Canara Bank share price will see immediate support at 326.60 and immediate resistance would be seen at 338.70.

If Canara Bank share price closes below immediate support of 326.60, then sharp breakdown can be seen. Canara Bank share price will see major support at 321.10 for the week.

355.00355.00350.00350.00345.00345.00340.00340.00335.00335.00330.00330.00325.00325.00320.00320.00315.00315.00Jul 4Jul 4Jul 7Jul 7Jul 12Jul 12Jul 17Jul 17Jul 20Jul 20Jul 25Jul 25Jul 28Jul 28Aug 2Aug 2Aug 7Aug 7Aug 10Aug 10Aug 16Aug 16Reversal Level 326.94BuyBuySellSell

On the positive side, immediate resistance will be seen at 338.70. Closing above 338.70, Canara Bank share price will see a sharp breakout. Major resistance for Canara Bank share price will be seen at 345.30 for the week.

Trading range for Canara Bank share price for this week should be between 314.50 on down side and 350.80 on up side.

Canara Bank Previous Week High: 339.8

Canara Bank Previous Week Low: 327.7

Canara Bank Previous Week Range: 12.1 Points

Canara Bank share price support and resistance for the week (August 14, 2023 – August 18, 2023)

Level Type Value
Resistance 3 350.80
Resistance 2 345.30
Resistance 1 338.70
Support 1 326.60
Support 2 321.10
Support 3 314.50

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