Central Bank of India Share Price Today Rose by 6%

Central Bank of India Share Price:

The stock price of the Central Bank of India has gained more than six percent. Know why?

[{"selector":"#anim-21a9a37f-f09f-4ba0-9daa-69db98637029 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(36.3782050188068%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-4cefa70f-90c6-4625-bcb1-c8b20afc5487","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c3572deb-9894-40a2-816a-eee3f6db30eb","keyframes":{"transform":["translate3d(0px, 140.87302%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Public sector banks have performed better in the recent past in the stock market. Which is a good sign for the economy.

[{"selector":"#anim-61e2c22f-3ed5-4d11-9c69-7e62af95bc97 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.0670288126512484%, 7.17213159404708%) scale(0.819672131147541)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-cbb782fa-5663-4fdf-aa28-59d11c9d8a97","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dcddf424-60a8-4a37-9e93-ebe1c01b8ed5","keyframes":{"transform":["translate3d(0px, 163.67153%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Central Bank of India was among the top trending stocks in its category in the trading session on Friday.

[{"selector":"#anim-dcf5c869-7506-46c9-9370-87a1dccafb01 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-15.63233708263374%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-08672a6e-17c2-405e-aafd-5b26548b89d2","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9a85f68b-2db7-417f-ac0e-96d4da1ec14b","keyframes":{"transform":["translate3d(0px, 153.01588%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Central Bank of India witnessed strong trading activity from Institutions. Which is a sign of further bullishness.

[{"selector":"#anim-0a71b86f-7798-4ce5-8a87-a7ae00ca4675 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-53.267151958411674%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e164207b-9ba7-4f83-823c-f14337bc8b7b","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-7cc35c28-180d-4cb2-81f2-5cbb7711faa0","keyframes":{"transform":["translate3d(0px, 151.58733%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Let us tell you that technically this stock has given a breakout from its eight-week pattern with above-average volume.

[{"selector":"#anim-2bf85bd4-8e0a-4d68-b593-670aa22db249 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(53.55447384222683%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-b52ca766-bcec-4343-b1be-ee5e9e94dc12","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-595f5072-22f9-48f3-ba87-1ef51739fc32","keyframes":{"transform":["translate3d(0px, 152.30161%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Fresh buying interest is visible at a lower level in CBI. The stock is trading near its previous pivot and 52-week high.

[{"selector":"#anim-95212264-df91-47bf-a632-c620141432d9 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(44.841249872003964%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-75a8eca5-a395-4543-87d3-4b962e700d8d","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-af55bbbb-12c7-46ce-b96b-63ca3d30e48d","keyframes":{"transform":["translate3d(0px, 152.30161%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] All the moving averages of the Central Bank of India are bullish which is indicating bullishness in the short and long term.

[{"selector":"#anim-ec7c907b-74c7-47af-a431-fd440c53b864 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-40.20833321955906%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3ca60188-9f07-4713-a345-3c9ad4a392c7","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e2665fdd-f4b3-4fde-bb63-b39d36d5f584","keyframes":{"transform":["translate3d(0px, 152.30161%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Central Bank of India's 14-day period RSI (68.79) along with ADX (34.05) is rising, indicating strong bullish momentum.

[{"selector":"#anim-119224aa-82d9-4a14-b0d7-3c42f7a243d0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.3347890520966754%, -17.927965878826516%) scale(1.3597122302158273)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-bc13ebfc-28d6-4ef3-893d-2f71a4c87bf8","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0f3e6f9c-9c31-4906-8651-0d1ef0545f1b","keyframes":{"transform":["translate3d(0px, 152.30161%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The Know Sure Thing (KST) and true strength index (TSI) indicators for the Central Bank of India stock are also looking bullish.

[{"selector":"#anim-5a0e4bac-08d4-4f13-911f-baa2775ecbd6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-57.73687487200394%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-d5139104-cdb4-43fc-a48e-88c9858e4218","keyframes":{"opacity":[0,1]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a66ef59d-c7a5-43c2-a50a-38fc8ca940da","keyframes":{"transform":["translate3d(0px, 134.86364%, 0)","translate3d(0px, 0px, 0)"]},"delay":500,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Given the positive price pattern and bullish technical parameters, CBI stock is likely to gain momentum in days to come.

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[{"selector":"#anim-7316f8ee-f3e0-408a-9ce1-f54d2ddf0a08 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(16.122333638727707%, 0, 0) translate(-2.8301886792452824%, 2.830188106796167%) scale(0.9433962264150944)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":5000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] [{"selector":"#anim-2a583d25-93f7-453c-bd05-977af5ef04b2","keyframes":{"opacity":[0,1]},"delay":700,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-eb106505-bc04-4cbd-8829-d35e0e5f0c3a","keyframes":{"transform":["translate3d(-115.50632%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":700,"duration":1000,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Long-term investors and momentum traders can keep an eye on this Central Bank of India stock in the coming days. Algo Trading