CENTRALBK - Central Bank of India - Strong Bullish Momentum

Technical Analysis of CENTRALBK

As per chart pattern, this stock is in bullish trend in Weekly and Monthly time frames. But consolidating in one hour(H1), Four Hour(H4) and Daily(D1) time frame in symmetrical triangle with few local Support/Resistance and major support/Resistance as mentioned below:-

Local Supports:-
S1 - 57.78
S2 - 54.71
S3 - 52.00

Major Support:-
S4 - 41.79

Local Resistance:-
R1 - 66.89
R2 - 68.32
R3 - 70.04
R4 - 72.75

Major Support:-
R5 - 76.83

This is my personal opinion based on my technical analysis of this stock. You can check this analysis with your own analysis and then decide whether to buy this stock or not. If you buy then buy on every dip to maintain average of this stock so that you can get maximum profit from it.

Start Buying at CMP62 and safe Buy above 64 as mentioned on the chart

All major points are mentioned below and also on the chart itself.

But I am Bullish in this stock from short term to long term investment plan

Do your own research before buying this stock as I am not SEBI registered person

Thanks for your support as always