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easi2invest
Mar 8, 2024 6:19 PM

CENTRALBK Looking RSI Bearish Divergence Short

CENTRAL BANK OF INNSE

Description

In weekly chart, RSI making bearish divergence.
RSI also Above 70 level in Weekly Candle and making Bearish Divergence.
As per my View on Future Price may come at Rs.45

Though the company is reporting repeated profits, it is not paying out dividend
Company has low interest coverage ratio.
The company has delivered a poor sales growth of 1.21% over past five years.
Company has a low return on equity of 2.23% over last 3 years.
Contingent liabilities of Rs.1,43,504 Cr.
Company might be capitalizing the interest cost.
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