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CANBKMARKET OUTLOOKSTOCK OUTLOOK

Canara Bank Outlook for the Week (February 12, 2024 – February 16, 2024)

Canara Bank
Canara Bank
Canara Bank closed the previous week on a negative note losing 11.80%.

Technically, Canara Bank share price will see immediate support at 528.33 and immediate resistance would be seen at 596.78.

If Canara Bank share price closes below immediate support of 528.33, then sharp breakdown can be seen. Canara Bank share price will see major support at 485.67 for the week.

On the positive side, immediate resistance will be seen at 596.78. Closing above 596.78, Canara Bank share price will see a sharp breakout. Major resistance for Canara Bank share price will be seen at 622.57 for the week.

Trading range for Canara Bank share price for this week should be between 459.88 on down side and 665.23 on up side.

Canara Bank Previous Week High: 579.9

Canara Bank Previous Week Low: 511.45

Canara Bank Previous Week Range: 68.45 Points

Canara Bank share price support and resistance for the week (February 12, 2024 – February 16, 2024)

Level Type Value
Resistance 3 665.23
Resistance 2 622.57
Resistance 1 596.78
Support 1 528.33
Support 2 485.67
Support 3 459.88
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