CENTURY ENKA READY FOR A BLAST
The stock has been forming an inverse head and shoulder pattern on the weekly timeframe 632-658 acted as an crucial resistance for the stock and it faced drawback from there twice but currently the situation looks quite optimistic
There has also been rise in the volumes which adds cherry on the top supported by decent fundamentals are making it a piece of cake
It can rally till 969 long term 6-8 months for short term i think waiting for retest must be viable anytime stock moves in 670 range would be a good buy time however given a stong momentum the stock can make different choices . For identfying which path the stock takes monitoring it on the 15M , 30M and hourly timeframe would be good option
There has also been rise in the volumes which adds cherry on the top supported by decent fundamentals are making it a piece of cake
It can rally till 969 long term 6-8 months for short term i think waiting for retest must be viable anytime stock moves in 670 range would be a good buy time however given a stong momentum the stock can make different choices . For identfying which path the stock takes monitoring it on the 15M , 30M and hourly timeframe would be good option
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