Short term 15%, breakout was good15% possible with a week.
Enter - 29
#Target 1 - 31
#Target 2 - 33
SL- 26
Note : I am not SEBI registered and all Ideas posted by me are for Educational Purpose.
Thanks & Regards,
RK
CENTRALBK trade ideas
CENTRAL BANK BULLISHCentral bank preparing for breakout, resistance near 31.30 , stoploss at days low
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.
Positional or Longterm Opportunity in Central BankGo Long above 27.95 for Targets of 31.1, 34.25, and 37.4 with SL 24.8
Reasons to go Long :
1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.5 Fibonacci level.
2. Also a bullish candlestick pattern Bullish Engulfing (marked with orange color) is formed around 0.5 Fibonacci level.
3. In addition to this there is a strong demand zone (marked with purple color), from which the stock initially faced resistance but now is taking support and moving up.
Symetrical TriangleStock is making a Symetrical Triangle pattern with 1:4 Risk Reward. Expecting breakout soon
Symmetrical TriangleMaking a Symmetrical Triangle and due to positive result possible to move in upper direction where easily 1:3 Target can be achieved
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 _ breakout ideaCentral bank of india going to hit 28 (30% + ) upside
hold for 1 - 5 months
enter only after breaking 21.30
note : for educational purpose only . iam not financial advisor from sebi
posted on sep 14 , 2022
Triangle pattern BreakoutPlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking profit for 1% - 2%
For long-term trades look out for resistance drawn above closing
#Central Bank looking good#Central Bank looking good
Target-53/80/110
SL-16
CMP:28.15 @ 7 Dec 2022
Disclaimer: This is not an investment recommendation, advice, research report, or stock tip of any nature. I am doing this only to understand how to read chart and technical. Strictly for educational purposes only.
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.
Ready for 28#centralbankofindia ready for 28 and Exit When price close below redline . Our work is manage our quantity and risk . Don't buy full quantity at a time .Accumulate and add on Dip also .
Only for study purpose ... You can enter now or ...
Enter on confirmation means ...whenever price breaks higher trendline with a strong green candle you will take and targets as shown in the chart.
Trail SL as per your analysis...
CENTRALBK : entry & exit is very important
: try to manage money management
: know your stop loss
: find the chart pattern / analysis the chart before you enter
TO TRADE THIS CHART :
gainprofit066
Equity trade-CENTRAL BANK OF INDIAStoploss-15.
Exit when it closes weekly previous candle low or previous swing low.
Accumulation to reach new targets Rs.33After a long accumulation phase, this script ready to reach Rs.33
CENTRAL BANK OF INDIA WEEKLY ANALYSISPSU bank is forming a higher high and higher low pattern clearly indicating a uptrend. This can be a good risk to reward setup
Bullish on Central BankRecently many ace investors including Rakesh Jhunganwala said they are bullish on PSU Bank, so there might be a good performance by PSU Banks in coming months.
Central Bank is a PSU Bank which is in formation of Round Bottom. I do guess the news around its sector may provide a positive sentiment to this scrip. There were huge Volumes added recently, so if the volumes continue to rise we may see a further rise in its price.
Swing traders can enter now to benefit from the minimal SL as it was around the base. Conservative traders can have this scrip in their radar and may enter again whenever an buying opportunity.
Educational perpose only please please suggestions Expert work with stoploss . if i correction update mi
CENTRAL BANK levels...04.10.2021 ( W candle)😊 CENTRAL BANK BANK analyzed in June month ,after 4 months it breaks trend line and retracement was completed...now its time to pick this script to move on
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.
