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...
CENTRAL 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 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.
Hello 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...
NSE:CENTRALBK might seem bullish and I hope it does keep it that way.
PSU Banks have been destroying wealth past decade now.
Can they turn around this story?
