This Stock has 3 Reasons for being on Long side 1) Break out from Triangle 2) Break out from NR4 & NR7 Range 3) HUGE Volume Support for Break out One may buy half qty now and half if it comes down to retest the triangle support.
Century tex given breakout SM Triangle can plan for long,,,
Century Textile is at the top of an ascending triangle pattern. Wait for break above the triangle and a throwback before entering.
Century Textiles already given triangle breakout and waiting for the next to buy
The 1 D chart of Century Textile and Industries has shown beautiful triangle formation, which has now reached till apex. The price has crossed the EMA 50 level as well as Historic Resistance at around 308 with comparatively higher volumes. The closing of the current candle at the prevalent levels will confirm the entry. Almost all the technical indicators are also...
In consolidation, either side break is possible. BUY If sustain above 300 for 15 mins then can go to 320 SELL If breakdown below 296 and sustain for 15 mins then can mve down to 285.
Only a move above 350 levels can trigger a good rally in the stock. Though it looks good to keep it in the radar. Immediate Support Range : 270-300 The said view will be negated if it closes below 250 levels.
It has been observed that the price action is breaking out from a consolidating trendlines. Further weakness may further push down the prices to support zone. T1- 295 T2-280 SL- 330
CENTURYTEX (Century Textile and Industries Ltd) BUY ABOVE 422
CENTURYTEX (Century Textile and Industries Ltd) SELL BELOW 403.5
Daily pullback to make HL after bullish run. ID made FBO of IBL Plan is to go long above Thursday's high with safe stop NSE:CENTURYTEX
CenturyText | Divergence + Short Term Breakout
expect some bounce in century textile as marked on chart
This is a text book case for momentum traders. Have this one in the watchlist