NaveenTTR

CENTURY PLYBOARD is set to give 30-40% return

Long
BSE_DLY:CENTURYPLY   CENTURY PLYBOARDS (I) LTD.
CENTURY PLYBOARD is set to give 30-40% return
Duration: 5-6 Months
Targets: 900/950
Add Till: 522
Above 700 stock will be in UP trend


-------------------------Technical Analysis
- Price in a parallel channel and most probably it will go up from mid channel line.
- Above 200 MA.
- ON 50 MA which will work as support.

---------- Fundamental Analysis:
- Promoters have 73% holding.
- 2023 result was good as expected then previous years.


Imp. Note: This analysis is provided for informational purposes only and does not constitute a direct recommendation to buy or sell stocks. Investors should conduct their own research and consult with financial advisors before making any investment decisions, as market conditions and individual circumstances may vary.

Market Risk: However, it's important to acknowledge the inherent risks associated with investing in the stock market, including but not limited to volatility, economic downturns, regulatory changes, and unforeseen events that can impact stock prices. It's crucial for investors to remain vigilant and diversify their portfolios to mitigate potential losses.

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