CENTRALBK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 05 Nov 25, 7:43 am

Technical Rating: 3.8

📈 CENTRALBK is currently in a consolidating phase with bullish undertones supported by volume and MACD crossover.

📊 Technical Overview

• Trend Status: Consolidating — price is hovering near key moving averages with signs of accumulation.
• Moving Averages: Price is above 50 DMA (₹37.9) but slightly below 200 DMA (₹41.0), indicating neutral-to-bullish sentiment.
• RSI (58.1): Mid-range, suggesting balanced momentum with room for upside.
• MACD (0.72): Positive crossover supports short-term bullish momentum.
• Bollinger Bands: Price near mid-band, indicating consolidation with potential breakout.
• Volume: Strong buying interest (2.02 Cr vs 1.55 Cr avg), confirming accumulation phase.

📌 Entry & Exit Zones

• Support Zone: ₹37–₹38 — ideal for accumulation or fresh entry.
• Resistance Zone: ₹41–₹45 — potential exit or partial profit booking zone.
• Breakout Level: ₹45 — crossing this could trigger a rally toward ₹52–₹55.

✅ Positive

• Low P/E (8.26) and PEG ratio (0.15) suggest undervaluation.
• Strong quarterly profit growth (32.9%) and EPS of ₹4.88.
• High trading volume indicates investor interest.

⚠️ Limitation

• ROCE (5.45%) and ROE (11.1%) are modest compared to peers.
• Price below 200 DMA — trend confirmation needed.
• Debt-to-equity ratio (12.0) is high for a banking stock.

📰 Company Negative News

• Minor decline in both FII (-0.09%) and DII (-0.20%) holdings may reflect cautious sentiment.

🌟 Company Positive News

• Quarterly PAT increased from ₹1,169 Cr to ₹1,213 Cr, showing operational strength.

🏭 Industry

• Banking sector is cyclical and sensitive to interest rate and credit cycle changes.
• Industry P/E (8.10) aligns closely with the stock’s P/E, indicating fair valuation.

🧾 Conclusion

• CENTRALBK is technically consolidating with bullish signals emerging.
• Entry near ₹37–₹38 is favorable; watch for breakout above ₹45.
• Long-term investors may benefit from valuation and growth; short-term traders should monitor volume and MACD.