We have a breakout in Centuryply, volumes has been very good for the last 2 weeks. Traders should look for long opportunities in the stock till the stock trades above 710.
Buying range - 710-750
Almost six months of consolidation. Now moved out of the consolidation zone with volume support. The Relative strength is turning positive. Money flow and buying pressure is also positive adding to the strength. Increased delivery-based buying is also seen.
Interestingly, in the weekly TF we can see a nice volatility contraction pattern, making the probability...
NSE: CENTURYPLY is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
Short term view
Centuryply ltd buy above 535 (Need to sustain above the level with good candle)
Charts for Educational purposes only
Please follow strict risk reward and stop loss if you follow my level
Thanks,
V Trade Poin
Century ply view
535 above if sustain then hope for bulls in short time frame
Charts for Educational purposes only.
Please do follow strict stop loss and risk reward if you follow my level
Thanks,
V Trade Point
CENTURYPLY weekly short type 1 confidence entry
take entry if it retraces ..but not reacted from any stronger opposite demand zone
BTW, stock already broaken its M/W demand...so lees risk
As per my analysis on weekly chart NSE:CENTURYPLY has been retraced. Not it will be best to take entry for long when price come to 556 with stop loss of 528 (-28 Points). My expected upside target will be 593 (+40 Points), 620 (+64 Points) & 620 (+79 Points). It could low risk and high reward option.
Note: This is my personal analysis, only for learning. Thanks
There is a volatility contraction pattern seen in CENTURYPLY LTD, at its life time high. There is also a very decent volume spike seen. Long trade can be initiated here.
Short Term Cash Buy CENTURYPLY @229.05-230.55 SL 225.5 TGT 241(Expect an upmove in shortterm)
It broke the resistance on daily and hourly chart and next resistance 242.
TK cross over at 223 and if stays above 229 we expect sharp move on the upside.
