CENTRALBK - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.9

Here’s a detailed technical analysis of CENTRALBK

📊 Trend Overview

Current Trend: Reversing from support with bullish undertone

Price is above 50 DMA (₹36.7) but below 200 DMA (₹41.9), suggesting a short-term recovery within a broader downtrend.

RSI at 65.8 is approaching overbought territory, indicating strong momentum.

MACD at 0.24 is positive, confirming bullish crossover.

📈 Technical Indicators

Moving Averages

Price (₹37.7) > 50 DMA (₹36.7): Short-term bullish

Price < 200 DMA (₹41.9): Medium-term caution

RSI (65.8)

Bullish zone. May face resistance soon if it crosses 70.

MACD (0.24)

Positive crossover. Momentum is building but not yet strong.

Bollinger Bands

Price nearing upper band, suggesting strength but also potential short-term exhaustion.

Volume Trends

Current volume (71.5L) > 1-week average (67.1L): Accumulation phase

Indicates renewed interest and buying pressure.

🔍 Short-Term Momentum Signals

Bullish Bias

RSI and MACD support upward momentum.

Price action above 50 DMA with rising volume confirms short-term strength.

PEG ratio of 0.15 suggests undervaluation relative to growth.

📌 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 36.7 50 DMA, short-term base

Support 2 34.5 Previous swing low

Resistance 1 41.9 200 DMA, key breakout level

Resistance 2 45.0 Psychological barrier

Resistance 3 50.5 Medium-term target

🎯 Entry & Exit Zones

Optimal Entry: ₹36.5–₹37.5 (on dips near 50 DMA)

Exit Zone: ₹41.9–₹45.0 (partial profit booking)

Aggressive Target: ₹50.5 if breakout above 200 DMA sustains

🧭 Summary

Trend: Reversing from support with bullish momentum

Momentum: Strengthening, supported by RSI, MACD, and volume

Outlook: Favorable for short-term swing trades; watch for breakout above ₹41.9

Valuation: Attractive P/E (8.37) vs industry (7.91), strong EPS growth, but high debt-to-equity (11.6) warrants caution

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