Canara Bank Technical Analysis

Canara Bank Technical Analysis

Canara Bank technical analysis is gaining attention among traders and investors tracking Canara Bank Technical Analysis trends in the Indian stock market. Canara Bank (NSE: CANBK, BSE: 532483) is currently trading at ₹123.45, showing a -5.37% move as of Sat, Apr 04, 2026.

This detailed Canara Bank technical analysis covers support & resistance levels, moving averages, indicators, and overall market sentiment to help investors make informed decisions.

Canara Bank Stock Overview

Canara Bank operates in the Finance sector under the Major banks industry. With a market capitalization of ₹1120.68B and a PE ratio of 5.54, Canara Bank remains a key stock to watch in Canara Bank Technical Analysis searches.

Key Metrics

• Market Cap: ₹1120.68B
• PE Ratio: 5.54
• Dividend Yield: 3.07
• Sector: Finance
• Industry: Major banks

These fundamentals play an important role in Canara Bank technical analysis and valuation tracking.

Canara Bank Support and Resistance Levels

Classic Pivot Levels

In Canara Bank technical analysis, pivot levels help identify potential reversal and breakout zones.

• Resistance 3: 200.73
• Resistance 2: 167.48
• Resistance 1: 145.47
• Pivot Point: 134.23
• Support 1: 112.22
• Support 2: 100.98
• Support 3: 67.73

Conditional Insight

Canara Bank technical analysis suggests a bearish to neutral trend as the price is below the pivot point. Immediate support is seen near 112.22 and 100.98.

Fibonacci Levels Analysis

Fibonacci levels are widely used in Canara Bank technical analysis to identify retracement zones.

• Fibonacci R3: 167.48
• Fibonacci R2: 154.78
• Fibonacci R1: 146.93
• Fibonacci Pivot: 134.23
• Fibonacci S1: 121.53
• Fibonacci S2: 113.68
• Fibonacci S3: 100.98

Canara Bank technical analysis indicates consolidation between Fibonacci pivot and resistance zones.

Canara Bank Moving Average Analysis

Moving averages are key indicators in Canara Bank technical analysis for identifying trend direction.

• 10 EMA: 131.09
• 20 EMA: 135.60
• 30 EMA: 138.61
• 50 EMA: 141.63
• 100 EMA: 141.08
• 200 EMA: 133.25

Trend Logic

Canara Bank technical analysis indicates bearish pressure, with price trading below key moving averages.

Long-term trend in Canara Bank technical analysis remains positive above 200 EMA.

Canara Bank Technical Indicators Overview

Momentum Indicators

• RSI: 37.48
• MACD: -5.45
• Signal: -4.61
• ADX: 26.66
• Momentum: -9.54

RSI Logic

Canara Bank technical analysis shows RSI in neutral range, suggesting consolidation.

MACD Logic

Canara Bank technical analysis indicates bearish momentum with MACD below signal line.

Canara Bank Overall Recommendation

• Overall Recommendation Score: -0.54
• Moving Average Recommendation: -0.80
• Other Indicators Recommendation: -0.27

Overall Canara Bank technical analysis sentiment remains neutral with mixed signals.

Canara Bank Technical Analysis Conclusion

Canara Bank technical analysis suggests that traders should closely monitor price action around ₹123.45 and key pivot level 134.23. Breakouts above resistance or breakdown below support will define the next trend in Canara Bank technical analysis.

Investors searching for Canara Bank Technical Analysis should track moving averages, RSI levels, and volume trends to identify potential entry and exit opportunities. As market conditions change, Canara Bank technical analysis will continue to play a crucial role in short-term trading and long-term investment strategies.