Century Ply - Strong Breakout with Volumes
- Strong Fundamentals
- Stock might test the level of 345 and again continue an upside journey
- 345 will be a good entry point with a stoploss below the recent consolidation - 313 Rs
- Breakout after huge volumes - consolidation - Volume expansion
- Stock is volatile so a good entry is always possible at lower levels of 330 if the level of 345 gets broken
- If the stock breaks 360 levels with volumes, it might show a huge breakout after a consolidation
- The stock shows high volatility as it is at Long term resistance level. Trailing may backfire.
- Medium term trade is possible at breakout above 360-370 levels
- Stock might test the level of 345 and again continue an upside journey
- 345 will be a good entry point with a stoploss below the recent consolidation - 313 Rs
- Breakout after huge volumes - consolidation - Volume expansion
- Stock is volatile so a good entry is always possible at lower levels of 330 if the level of 345 gets broken
- If the stock breaks 360 levels with volumes, it might show a huge breakout after a consolidation
- The stock shows high volatility as it is at Long term resistance level. Trailing may backfire.
- Medium term trade is possible at breakout above 360-370 levels
Note
- I would enter half quantity at 347 and half at 345 if the price point is reachedNote
No need to chase, wait or else leave
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.