Central bank is consolidating from a very long time in this area from ferbuary 2024, In this downfall central bank doesn't go below this trendline or election low. we can use this budget as SL 55 and we can long this share for the targets of 74 and 80
Thanks
Fundamentally 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...
Central bank has made Inverted head & Shoulder and brokeout and made long run along with all psu banks.
Now im waiting for perfect entry anywhere at drawn trendlines.
Lets see..... This should creat good moeny if planned well with position size and risk management
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...
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...
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?
