A rounding bottom pattern gave a good breakout with massive volume, the stock is again retesting the breakout level, and once the volumes kick in again, it will be a buy signal.
Buy - 41-44
Tgt - i) 10% (swing)
ii) 40% (short-term)
Stoploss - 3%
-- DISCLAIMER --
I am not a financial advisor or SEBI-registered.
This is just a...
As per previous chart history and current position of this stock, it is indicating to buy at CMP or wait for a dip to enter on reversal. Fundamentals are strong of this stock.
Buy at low with target at 49.90, 50.65, 51.90, 53.45, 55, 57.95
All major points are mentioned on the chart itself
Do your own research because I am not SEBI registered person and this...
Central Bank Of India make a breakout and also retest is also done
Above 51.2 central bank of india will go for a test of new levels i.e approx 100-110
Increase in volume seen
Buy above 50 rs
For the target of 110rs
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PSU index is at an all-time high and stocks emerging from long-term stage 1 breakout with huge volume with an RSI of more than 80 indicates strength in the stocks and a change in trend.
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
I am not SEBI Register.
Central Bank Of India looking bullish. One can clearly identifies Cup and Handle pattern on weekly time frame. If we measure the cup depth, it would be the target on up side which is 65.50 in this case.
Very small stop loss with high risk reward ratio over 6. One can stretch the stop loss below previous swing low.
RSI is above 60 on daily, weekly and monthly time frame.
As chart shows up trend of the stock, previous jump from 11rs to 42rs, this time if same move come after going above 37 then this stock can touch 60rs.
This is not a trade or investment advice.
Buy Entry @ 18
Target @ 33
Stop Loss @ 13
Note: Please leave comments for any query.
Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.
Best of luck..
Shakthi
Central Bank ready give up move and psu bank index also breakout 12 after years so conder for up move
*Information purpose and knowledge purpose
*Not any recommendations
