Central Bank Of India - Long Setup, Move is ON...#CENTRALBK trading above Resistance of 66
Next Resistance is at 80
Support is at 53
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
CENTRALBK
CENTRALBK | Mini Swing Trade📊 DETAILS
Sector: Bank - Public
Mkt Cap: 42,362 cr
Central Bank of India is a commercial bank. The Bank's segments include Treasury Operations, Corporate/Wholesale Banking, Retail Banking and other Banking business. The Treasury Operations segment includes dealing in government and other securities, money market operations and Forex operations.
TTM PE : 19.44 (High PE)
Sector PE : 12.51
Beta : 1.65
📚 INSIGHTS
Strong Performer
Stock with consistent financial performance, quality management, and strong technical momentum indicating good investor enthusiasm. Currently valued at Good to expensive valuation
12.86% away from 52 week high
Underperformer - Central Bank of India up by 3.06% v/s NIFTY 50 up by 9.05% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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CENTRALBKCENTRALBK-EQ
-Strong Breakout Candidate
-Round Bottom Structure Breakout
-Strong Range Accumulation
-Massive Volume Buildup
-Performing Good but had Bad Reputation
-Just for Trading & Swing not for Investment
Entry 🟢: Above 64
Target 🎯: 72, 91, 100, 105 ++
Stop loss 🔴: 54 WCB
Remark: Short Term
⚠️ Disclaimer : Chart & Levels are for educational purposes. Trade according to your Risk or consult with your Finance Advisor.
CENTRALBK - Available at Retest with good potentialCentral Bank Daily Chart -
The analysis is done on weekly as well as on Daily TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
Central Bank of India CENTRALBK:- The stock has formed cup and handle on the monthly chart and has also given a breakout, keep your eye on the stock.
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
#NAVKARCORP NAVKARCORP #INVEST #MONEY #NFT #CRYPTO #NSE #BSE #IT#NAVKARCORP
Navkar Corporation Ltd.
NSE:NAVKARCORP
NSE:NAVKARCORP
CMP: 46.7
Target: 60
Sl: 42
DDuration: < 6M
Almost 28% Safe Return expected.
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
Central Bank Share short term Analysis
1. Today we'll discuss another stock which is CENTRAL BANK.
2. Today Date is 07-09-2021.
3. Currently stock is trading at 20.75 which is shown in candle chart.
4. There is short term Technical Target 24.20 which is shown in image above, which is approximately 16.70% gain.
5. How much time it takes to reach target, according to my analysis, it takes maximum 1-2 months.
6. Promoter holding has increased by 3.30 % over last quarterly result. Last quarterly result which is June Month (2021) is good this quarterly result is except to be in profit..
IMPORTANT RULES
08. Only invest 3 % of your capital in one stock, Please don't ignore this rule because we are investing our hard-earn money here so risk management is best part of trading.
09. We never sell stock in loss.
10. We are investing in equity share.
11. Patience is the key in equity, sometime great company went down that is the opportunity to buy these companies because we know they will come back very quickly.
IMPORTANT LEARNING
12. Every person who is trading in Indian share market, definitely need to read company balance sheet before trading and also look technical chart.
14. From my experience screener.in is best website for reading company financial data/balance sheet and for technical chart in.tradingview.com is best website.
Disclaimer:- I'll post here stocks analysis for educational purpose where you can learn, not a recommendation of stocks buy or sell.
Central Bank - Buy on DipsCentral Bank - Long
Buy : ₹ 26.5 - ₹ 24
Target: ₹ 29.55, ₹ 32
Support: ₹ 24.6, ₹ 23.05
Invest and Trade Wisely! Good Luck!
You can also see my other stock analysis and the results in my profile ideas. Please follow me , If you would like to see more ideas on winning stocks.
**Disclaimer:
I am NOT a SEBI registered consultant/Advisor. It is completely my view and opinion.
My intention is not to provide any financial advice, training advice, or any type of advices or any recommendations on stock/Forex/Coin buying or selling.
Please do your own research and consult with your financial advisor before taking any action.
I am not responsible for any of your action on buying or selling or holding the above mentioned stock or/and index or/and Forex or/and coins .
***
#SBIN #BANKNIFTY #NIFTY #BANKINDIA #BANKBARODA #INDIANB #STOCK #SBIN
NSE:SBIN
CMP: 354
Target 427 // 460 // ++++
INVEST !!
If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for latest stock recommendations for free.
Expectation is for 600 in long run.
Super Bullish on this stock.
From Rachit Sethia with 💚
#INDIANB #BANKNIFTY #NIFTY #BANKINDIA #BANKBARODA #SBIN #STOCK #INDIANB
CMP 115
NSE:INDIANB
Target: 158 // 190 // 245 ++
INVEST !!
If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for latest stock recommendations for free.
Expectation is for 250 in long run.
Super Bullish on this stock.
From Rachit Sethia with 💚
#BANKBARODA BANKNIFTY #NIFTY #PSUBANK #STOCK #INVEST #TRADE #PSU#BANKBARODA
CMP 72.25
Target:125++
NSE:BANKBARODA
If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for latest stock recommendations for free.
Might blast to more than 125++
Super Bullish on this stock.
From Rachit Sethia with 💚
#BANKINDIA #BANKNIFTY #NIFTY #PSUBANK #STOCK #INVEST #TRADE #PSU#BANKINDIA
CMP: 67.20
Target: 104++
NSE:BANKINDIA
May Hold After Target Reached.
If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for latest stock recommendations for free.
Might blast to more than 100.
Super Bullish on this stock.
From Rachit Sethia with 💚
#CENTRALBK #BANKNIFTY #NIFTY #PSUBANK #STOCK #INVEST #TRADE #PSU#CENTRALBK
CMP: 16.40
TARGET: 35
NSE:CENTRALBK
May Hold After Target Reached.
If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for latest stock recommendations for free.
Might blast to more than 35.
Super Bullish on this stock.
From Rachit Sethia with 💚
#PNB #BANKNIFTY #NIFTY #PSUBANK #STOCK #INVEST #TRADE #PSU #BANK#PNB
NSE:PSB
CMP: 36.70
TARGET: 57
May Hold After Target Reached.
If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for latest stock recommendations for free.
Might blast to more than 57.
Super Bullish on this stock.
From Rachit Sethia with 💚
#PSB #BANKNIFTY #NIFTY #PSUBANK #STOCK #INVEST #TRADE #PSU #BANK#PSB
NSE:PSB
CMP: 18.25
TARGET: 27
May Hold After Target Reached.
If you like my work, KINDLY LIKE, SHARE, & FOLLOW THIS PAGE for latest stock recommendations for free.
Might blast to more than 27.
Super Bullish on this stock.
From Rachit Sethia with 💚