Century Ply has a tendency to bounce from 150-160 zone which has already happened 3 times. Today, also we saw the same but with huge buying volume and close near the day's high. Bulls have been successful in closing above 4 days resistance zone of 160 + falling trendline. RSI and CCI crossover suggests the likley uptrend. 150-215 is the consolidation zone. Counter is probable candidate for mean reversion.
Delivery Trader can Buy at 160-162 with stop loss of 150 on daily closing basis for 1st target of 175 and 210.
Intraday trader can buy at 160-161.20 with stop loss of 155 for target of 175
Delivery Trader can Buy at 160-162 with stop loss of 150 on daily closing basis for 1st target of 175 and 210.
Intraday trader can buy at 160-161.20 with stop loss of 155 for target of 175
Trade active:
made high of 165
Trade active:
Closed at 166. Good for the stock to continue upward journey. Tomorrow , if you get 164-165 level go for buy with SL of 160 for target 172-174
Trade active:
As told yester day for intraday. Counter came down till 164.5 and then bounced to touch 168.50