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CENTRALBK - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.7
| Stock Code | CENTRALBK | Market Cap | 32,911 Cr. | Current Price | 36.4 ₹ | High / Low | 52.8 ₹ |
| Stock P/E | 7.11 | Book Value | 43.1 ₹ | Dividend Yield | 1.64 % | ROCE | 5.45 % |
| ROE | 11.1 % | Face Value | 10.0 ₹ | DMA 50 | 37.4 ₹ | DMA 200 | 39.4 ₹ |
| Chg in FII Hold | -0.03 % | Chg in DII Hold | -0.04 % | PAT Qtr | 1,263 Cr. | PAT Prev Qtr | 1,213 Cr. |
| RSI | 43.4 | MACD | -0.20 | Volume | 1,02,26,574 | Avg Vol 1Wk | 81,54,702 |
| Low price | 32.8 ₹ | High price | 52.8 ₹ | PEG Ratio | 0.13 | Debt to equity | 12.4 |
| 52w Index | 18.0 % | Qtr Profit Var | 31.7 % | EPS | 5.17 ₹ | Industry PE | 7.64 |
📊 Technical Analysis
- Chart Patterns: CENTRALBK has corrected from its 52-week high of 52.8 ₹ and is consolidating near 36.4 ₹.
- Moving Averages: Price (36.4 ₹) is below both 50 DMA (37.4 ₹) and 200 DMA (39.4 ₹), showing short-term and medium-term weakness.
- RSI: At 43.4, neutral to weak — closer to oversold zone.
- MACD: Negative (-0.20), indicating bearish momentum.
- Bollinger Bands: Price near lower band, suggesting possible support zone.
- Volume Trends: Current volume (1.02 Cr) above 1-week average (0.81 Cr), showing heightened activity despite weakness.
📈 Momentum & Signals
- Short-term Momentum: Weak due to negative MACD and RSI below 50.
- Support Levels: 35 ₹ (near-term), 32.8 ₹ (major support).
- Resistance Levels: 38 ₹ (short-term), 39.4 ₹ (200 DMA).
- Optimal Entry Zone: 34–36 ₹ (close to support).
- Optimal Exit Zone: 38–40 ₹ (near resistance).
- Trend Status: Consolidating with bearish bias.
✅ Positive
- Low P/E (7.11) compared to industry PE (7.64), indicating undervaluation.
- Quarterly PAT growth (1,263 Cr vs 1,213 Cr) shows improving profitability.
- PEG ratio of 0.13 suggests strong growth potential relative to valuation.
⚠️ Limitation
- High debt-to-equity ratio (12.4) raises financial risk.
- ROCE (5.45%) is modest compared to peers.
- Stock trading below both 50 DMA and 200 DMA, signaling weakness.
📉 Company Negative News
- FII holdings decreased (-0.03%) and DII holdings decreased (-0.04%), showing reduced institutional confidence.
- Stock trading near lower end of range, reflecting weak sentiment.
📈 Company Positive News
- Quarterly profit variation of 31.7% highlights strong growth momentum.
- EPS of 5.17 ₹ supports earnings visibility.
🏭 Industry
- Banking sector supported by credit growth and government initiatives.
- Industry PE at 7.64 vs stock PE at 7.11 — stock trades at slight discount.
🔎 Conclusion
- CENTRALBK is consolidating with short-term bearish signals but improving fundamentals.
- Best entry near 34–36 ₹, exit near 38–40 ₹ unless breakout above 40 ₹ occurs.
- Medium-term outlook cautious due to high leverage and weak technicals, but valuation discount and profit growth provide support.