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CANBKMARKET OUTLOOKSTOCK OUTLOOK

Canara Bank Outlook for the Week (May 27, 2024 – May 31, 2024)

Canara Bank
Canara Bank
Canara Bank closed the previous week on a negative note losing 4.34%.

Technically, Canara Bank share price will see immediate support at 114.28 and immediate resistance would be seen at 119.43.

If Canara Bank share price closes below immediate support of 114.28, then sharp breakdown can be seen. Canara Bank share price will see major support at 111.37 for the week.

On the positive side, immediate resistance will be seen at 119.43. Closing above 119.43, Canara Bank share price will see a sharp breakout. Major resistance for Canara Bank share price will be seen at 121.67 for the week.

Trading range for Canara Bank share price for this week should be between 109.13 on down side and 124.58 on up side.

Canara Bank Previous Week High: 118.75

Canara Bank Previous Week Low: 113.6

Canara Bank Previous Week Range: 5.15 Points

Canara Bank share price support and resistance for the week (May 27, 2024 – May 31, 2024)

Level Type Value
Resistance 3 124.58
Resistance 2 121.67
Resistance 1 119.43
Support 1 114.28
Support 2 111.37
Support 3 109.13
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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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