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CANBKMARKET OUTLOOKSTOCK OUTLOOK

Canara Bank Outlook for the Week (February 19, 2024 – February 23, 2024)

Canara Bank
Canara Bank
Canara Bank closed the previous week on a negative note losing 10.11%.

Technically, Canara Bank share price will see immediate support at 548.73 and immediate resistance would be seen at 608.83.

If Canara Bank share price closes below immediate support of 548.73, then sharp breakdown can be seen. Canara Bank share price will see major support at 511.62 for the week.

On the positive side, immediate resistance will be seen at 608.83. Closing above 608.83, Canara Bank share price will see a sharp breakout. Major resistance for Canara Bank share price will be seen at 631.82 for the week.

Trading range for Canara Bank share price for this week should be between 488.63 on down side and 668.93 on up side.

Canara Bank Previous Week High: 594.7

Canara Bank Previous Week Low: 534.6

Canara Bank Previous Week Range: 60.1 Points

Canara Bank share price support and resistance for the week (February 19, 2024 – February 23, 2024)

Level Type Value
Resistance 3 668.93
Resistance 2 631.82
Resistance 1 608.83
Support 1 548.73
Support 2 511.62
Support 3 488.63
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