Stock name = Century Text & IND .
Daily chart setup
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Master Score - B
Disclaimer: This is for demonstration and educational purpose only. this is not buying and selling recommendations....
Chart looks good for Short term and Long term.
Breakout done with Huge Volume.
Above all EMA.
Do Like ,Comment , Follow for regular Updates...
Disclaimer : This is not a Buy or Sell recommendation. I am not SEBI Registered. Please consult your financial advisor before making any investments . This is for Educational purpose only.
Buy above 1590
SL 1490
Target 1850+
Disclaimer -We are not responsible for your profit and loss it's only for education purpose analysis.do your analysis before invest
Century Textiles & Industries Ltd. engages in the manufacture and distribution of textiles, yarn, and pulp & paper products, and also involved in real estate leasing business. It operates through the following segments: Textiles, Paper & Pulp, Real Estate, and Others. The Textile segment consists of the production of yarn, fabric, viscose filament yarn and tyre...
📊 Script: CENTURYTEX
📊 Sector: Paper
📊 Industry: Paper
Key highlights: 💡⚡
📈 Script is trading near at middle band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages is giving Crossover.
📈 Right now RSI is around 58.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1491
🟢 Target 🎯🏆 - 1598
⚠️ Stoploss ☠️🚫 - 1438
⚠️ Important: Always maintain your Risk &...
Century textiles view for 3rd Oct #CENTURYTEX
Buying above 1126
Charts for Educational purposes only.
Follow strict risk reward and stop loss for the same.
Thanks,
V Trade Point
Stock after making low of one year seems to gaining some strength. If it crosses first resistance level and sustain for few days we might again see some channel highs soon.
Breakout of crucial resistance is done on CENTURY TEXT & INDIA and what I'm waiting for is the retest at the resistance that it broke so that i can plan a long trade.
Target - 1100
On quarterly chart, there is a breakout and retest pattern with a strong bullish candle. Entry @873.85 with SL @754.2. Continuous bullish quarters can be expected here. Trail SL to every quarter low till exit.
My best entry level to buy NSE:CENTURYTEX is 740 with stop loss of 699 (-41 Points). Can hold for big targets of 780, 805, 833 & 865.
This could be low risk and very big reward option.
Note: This is my personal analysis, only for learning. Thanks.
NSE:CENTURYTEX
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below the support zone & the lower trendline. The target is placed near resistance.
