CENTRALBK - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Technical Analysis for CENTRALBK (Central Bank of India)

Technical Rating: 2.9

📉 Trend Overview

Current Price: ₹36.9

52W High/Low: ₹64.9 / ₹32.8

Trend Status: Reversing The stock has declined ~43% from its 52-week high and is trading below both key moving averages, suggesting a bearish reversal with potential base formation near ₹32–₹34.

📈 Chart Patterns & Indicators

RSI (34.0): Near oversold zone, indicating weak momentum but potential for a short-term bounce.

MACD (-0.46): Bearish crossover, confirming downward pressure.

Bollinger Bands: Price is near the lower band (approx. ₹36.2), suggesting volatility compression and possible support.

Volume Trends: Current volume (65.8L) is in line with 1-week average (65.6L), indicating neutral participation.

📉 Moving Averages

Moving Average Value (₹) Signal

50 DMA 38.5 Bearish (Price below)

200 DMA 44.4 Strong Bearish (Price well below)

The stock is trading below both 50 and 200 DMA, confirming a downtrend.

📌 Support & Resistance Zones

Support Levels: ₹34.0 (RSI pivot), ₹32.8 (52W low)

Resistance Levels: ₹38.5 (50 DMA), ₹44.4 (200 DMA), ₹48.9 (VWAP resistance)

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹34–₹36 (if RSI stabilizes and price holds above ₹34)

Exit Zone: ₹38.5–₹42 (near 50 DMA and psychological resistance)

Stop Loss: ₹32.5 (below 52W low)

⚠️ Momentum Signals

Short-Term: Weak momentum, possible bounce if RSI rebounds and price holds above ₹34

Medium-Term: Bearish unless price reclaims ₹38.5 with volume confirmation

🧠 Summary

CENTRALBK is in a reversal phase, showing technical weakness across indicators. While oversold conditions may offer a short-term bounce, the broader trend remains bearish. Traders should be cautious and consider entering only if price stabilizes above ₹34 with improving volume.

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