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CANBKMARKET OUTLOOKSTOCK OUTLOOK

Canara Bank Outlook for the Week (May 06, 2024 – May 10, 2024)

Canara Bank
Canara Bank
Canara Bank closed the previous week on a negative note losing 2.95%.

Technically, Canara Bank share price will see immediate support at 615.60 and immediate resistance would be seen at 634.30.

If Canara Bank share price closes below immediate support of 615.60, then sharp breakdown can be seen. Canara Bank share price will see major support at 605.55 for the week.

On the positive side, immediate resistance will be seen at 634.30. Closing above 634.30, Canara Bank share price will see a sharp breakout. Major resistance for Canara Bank share price will be seen at 642.95 for the week.

Trading range for Canara Bank share price for this week should be between 596.90 on down side and 653.00 on up side.

Canara Bank Previous Week High: 632.9

Canara Bank Previous Week Low: 614.2

Canara Bank Previous Week Range: 18.7 Points

Canara Bank share price support and resistance for the week (May 06, 2024 – May 10, 2024)

Level Type Value
Resistance 3 653.00
Resistance 2 642.95
Resistance 1 634.30
Support 1 615.60
Support 2 605.55
Support 3 596.90
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