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CANBKMARKET OUTLOOKSTOCK OUTLOOK

Canara Bank Outlook for the Week (August 21, 2023 – August 25, 2023)

Canara Bank
Canara Bank
Canara Bank closed the previous week on a negative note losing 3.12%.

Technically, Canara Bank share price will see immediate support at 323.03 and immediate resistance would be seen at 333.43.

If Canara Bank share price closes below immediate support of 323.03, then sharp breakdown can be seen. Canara Bank share price will see major support at 317.82 for the week.

On the positive side, immediate resistance will be seen at 333.43. Closing above 333.43, Canara Bank share price will see a sharp breakout. Major resistance for Canara Bank share price will be seen at 338.62 for the week.

Trading range for Canara Bank share price for this week should be between 312.63 on down side and 343.83 on up side.

Canara Bank Previous Week High: 333.4

Canara Bank Previous Week Low: 323

Canara Bank Previous Week Range: 10.4 Points

Canara Bank share price support and resistance for the week (August 21, 2023 – August 25, 2023)

Level Type Value
Resistance 3 343.83
Resistance 2 338.62
Resistance 1 333.43
Support 1 323.03
Support 2 317.82
Support 3 312.63

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