Here’s a concise technical analysis of Central Bank of India based on your chart 👇

🧭 Chart Structure Timeframe: Daily Pattern: Rectangle consolidation (Range-bound movement) Range: ₹34.00 – ₹41.50 Current Price: ₹40.50 📊 Technical View The stock has been in a sideways consolidation for nearly 6 months. It is now approaching the upper resistance zone (~₹41.5) with strong bullish candles and rising volume, indicating accumulation. A decisive breakout above ₹41.5–42 with volume > 20M could trigger a short-term upmove. ⚙️ Trade Setup Breakout Entry: Above ₹42 (daily close with volume confirmation) Stop-Loss: ₹39 (below breakout candle low) Targets: T1: ₹45 T2: ₹47.5 T3: ₹50 (if momentum sustains) 📉 Alternate View If the price fails near ₹41.5 and reverses, expect another pullback toward ₹36–35, which remains a buy-on-dips support zone.