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Central Bank

Discussion in 'Technical Analysis' started by jignesh_acharya, Feb 24, 2015.

  1. jignesh_acharya

    jignesh_acharya Active Member

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    Central bank has given good breakout after consolidation, with good volume
    CMP-113.20
    SL-107
    Target-128
    Please advise..
     
    jignesh_acharya, Feb 24, 2015
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  2. saptarshi_sachin

    saptarshi_sachin Responder

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    Central bank touched high of 120, chart looks good, in breakout, but expect profit booking to come very soon.

    It was a volatile day for most banking names & central bank was odd one out among psu names. Results were good this time and hence it didn't go down or correct at all. All of a sudden today there was a jump up.

    I will not rule out an operator play here in Central bank today. There can be good profit-booking if they want to take their hands out quickly. Please maintain very strict stop if you want to enter now is what I feel.
     
    saptarshi_sachin, Feb 25, 2015
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  3. saptarshi_sachin

    saptarshi_sachin Responder

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    As I told yesterday, huge profit booking seen in Central Bank, was down 7% today, almost closing at day's lows at 105.

    Yet another breakout not working (thanks to operators), Jignesh your stop was at 107 which has been hit.

    Operators were busy merry-making in Central Bank today :)
     
    saptarshi_sachin, Feb 26, 2015
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  4. jignesh_acharya

    jignesh_acharya Active Member

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    Didn't took the trade, seems some consolidation
     
    jignesh_acharya, Mar 2, 2015
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