Soham-18

Century Ply - Strong Breakout with Volumes

Long
Soham-18 Updated   
NSE:CENTURYPLY   CENTURYPLY LTD
- 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
Comment:
- I would enter half quantity at 347 and half at 345 if the price point is reached
Comment:
No need to chase, wait or else leave
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