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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.

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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