The stock has broken out and retest therefore may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone, 200 EMA & the lower trendline. The target is placed near resistance.
The stock has broken out and retested, so it may undergo a rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the previously upper trendline. The target is placed based on fundamentals and near swing high.
CENTURY TEXTILES has formed a double top on a strong resistance zone and good bearish candles .
Lot of confluences of support and resistance levels .
Can go short at CMP or retracement back to resistance zone and then AB = CD move to the next support levels .
