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CANBKMARKET OUTLOOKSTOCK OUTLOOK

Canara Bank Outlook for the Week (May 13, 2024 – May 17, 2024)

Canara Bank
Canara Bank
Canara Bank closed the previous week on a negative note losing 14.03%.

Technically, Canara Bank share price will see immediate support at 516.25 and immediate resistance would be seen at 604.50.

If Canara Bank share price closes below immediate support of 516.25, then sharp breakdown can be seen. Canara Bank share price will see major support at 484.35 for the week.

On the positive side, immediate resistance will be seen at 604.50. Closing above 604.50, Canara Bank share price will see a sharp breakout. Major resistance for Canara Bank share price will be seen at 660.85 for the week.

Trading range for Canara Bank share price for this week should be between 428.00 on down side and 692.75 on up side.

Canara Bank Previous Week High: 628.95

Canara Bank Previous Week Low: 540.7

Canara Bank Previous Week Range: 88.25 Points

Canara Bank share price support and resistance for the week (May 13, 2024 – May 17, 2024)

Level Type Value
Resistance 3 692.75
Resistance 2 660.85
Resistance 1 604.50
Support 1 516.25
Support 2 484.35
Support 3 428.00
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