Centralbankofindia
Take a look: low risk; 35% ROI possible; don't missFundamentally good stock,
Good for 1-3 weeks holding.
For short term investment in cash market'.
Leave a " Like If you agree ". 👍
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Entry: 72 (daily should close above)
target: 75- 85- 96
sl: 66.5
major stoploss / support: 63.40
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Enter only after breaking & close above " Yellow box" mentioned.
Or else wait for some time.
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Don't make complicated trade set-up.📈📉
Keep it " simple, focus on consistency💹
Refer our old ideas for accuracy rate🧑💻
Valuable comments are welcomed-✌️
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Refer old ideas attached below
CENTRALBK Looking RSI Bearish DivergenceIn 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.
Breakout Alert: Central Bank Ready!Central Bank Of India:
CMP: 48.30
Exciting news! Central Bank Of India has recently experienced a breakout, a trend we've noticed performing well historically, especially when accompanied by volume. Today, we observe a breakout, albeit in the form of a trend line.
Watch closely : If the price surpasses 48.50, we'll consider a long entry, managing risk with a specified stop-loss as indicated on the chart.
If you appreciate our analysis, your support means the world! Boost us and stay tuned for more insightful market analyses. 📊🚀 #CentralBankOfIndia #Breakout
Central Bank of India Looks Promising for 20% gain.Happy Independence day Guys. Today we are going to understand the technical of Central Bank of India in a very easy to understand language.
Here are some important pointers about CBI you should know.
1. Important line : As we see in a Larger timeframe there is a very crucial single support and resistance line. For 11 years that line acted as a very strong support where price has retested multiple times.
2. Role Change : Eventually, the price broke down, and this once-supportive line transformed into a resistance. Again the line had been tested by the price multiple times.
3. Bullish Wedge : Over the past 3 years, the stock formed a bullish wedge pattern on the chart.
4. Breaking the Wall: As shown on the chart, the price has broken through the strong resistance line for the first time and started continuing its wedge pattern.
5. 1-Day View : In a 1-day timeframe, it's visible that within the wedge pattern, the stock also formed an another ascending triangle pattern.
6. Triangular breakout : That triangle pattern recently given a breakout too and now it is a trading above that major resistance line.
7. Its financial : Now, discussing the finances, they look quite stable in terms of sales and profits, and NPAs are decreasing consistently. However, we cannot assume that the stock will skyrocket from this point and yield massive growth. Nevertheless, there is still potential for a 20% return, considering technical analysis.
8. Possible entry : Coming back the recent breakout, we might consider entering if the stock can maintain its triangle breakout point. A suitable stop-loss could be set at 29.50, and our initial target could be 38.30.
Do consider pressing the boost button🚀🚀, It helps me bring more interesting analysis. And if you've any question and suggestion please feel free to post in comment section.
Please note I am not SEBI registered. Do your own research before investing.
CENTRAL BANK OF INDIA DAILY BREAKOUTCENTRAL BANK OF INDIA DAILY BREAKOUT
:: Data Point ::
Breakout Lavel @33.00
1st Target Level @36.00 (April 2019 Resistance)
2nd Target Level @40.00 (Last year High)
Stoploss Level @29.50 (Swing Low)
This is a CUP & HANDLE Pattern. If its sustain above @33.00 then go for LONG.
CENTRAL BANK: Formed Reverse Head & Shoulder PatternCentral Bank of India has formed Reverse Head & Shoulder Pattern after long down trend.
Can be added at current level between 28 - 29 with target of 33.5 and set Stop loss at 26.
Pattern is forming on hourly chart.
Disclaimer:
This idea is only for education purpose, Please consult your financial advisor.
I am not SEBI registered.
@centralbankofindiaHello everyone!
Here Is a very good opportunity to buy CBI at this level and stop loss and target has been marked on chart
So reasons behind this entry I’ll explain
it has taken support on trend line & it is looking bullish
it’s on 50% of fib retracement i.e a good and healthy retracement
oscillators are also giving us signal in bullish direction
if we enter here SL should be respected for everyone
I don’t know the fundamentals so any wants see they can check I believe on technical only
Thanks!!