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CANBKMARKET OUTLOOKSTOCK OUTLOOK

Canara Bank Outlook for the Week (May 20, 2024 – May 24, 2024)

Canara Bank
Canara Bank
Canara Bank closed the previous week on a negative note losing 11.59%.

Technically, Canara Bank share price will see immediate support at 106.68 and immediate resistance would be seen at 120.63.

If Canara Bank share price closes below immediate support of 106.68, then sharp breakdown can be seen. Canara Bank share price will see major support at 99.57 for the week.

On the positive side, immediate resistance will be seen at 120.63. Closing above 120.63, Canara Bank share price will see a sharp breakout. Major resistance for Canara Bank share price will be seen at 127.47 for the week.

Trading range for Canara Bank share price for this week should be between 92.73 on down side and 134.58 on up side.

Canara Bank Previous Week High: 120.35

Canara Bank Previous Week Low: 106.4

Canara Bank Previous Week Range: 13.95 Points

Canara Bank share price support and resistance for the week (May 20, 2024 – May 24, 2024)

Level Type Value
Resistance 3 134.58
Resistance 2 127.47
Resistance 1 120.63
Support 1 106.68
Support 2 99.57
Support 3 92.73
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{"buy_point":[{"en_ltd":"2024-05-14","en_sup_p_91":"564.37","en_sup_t_91":"540.54","prev_close":"549.35","en_close":"566.55","new_date":"May 14","prev_close_no":549},{"en_ltd":"2024-04-22","en_sup_p_91":"588.71","en_sup_t_91":"577.09","prev_close":"578.75","en_close":"599.80","new_date":"Apr 22","prev_close_no":578}],"sell_point":[{"en_ltd":"2024-04-15","en_sup_p_91":"597.97","en_sup_t_91":"611.09","prev_close":"605.85","en_close":"593.10","new_date":"Apr 15","prev_close_no":605}]}

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