Long
Century Textile: Analysis
Updated
Keep an eye on century textile it has been trading into this zone since April now. Expecting it to leave this zone soon in near future.
.
Reason to buy:
1) Taking support on major support line
2) Taking support from the below trend line.
3) Negative market sentiment did not push this further down below.
.
According to market sentiment it can touch lower most bottom line once again, keep your stop loss tight. RR Ratio must be calculated and traded accordingly, stop loss must be below immediate previous swing.
.
Reason to buy:
1) Taking support on major support line
2) Taking support from the below trend line.
3) Negative market sentiment did not push this further down below.
.
According to market sentiment it can touch lower most bottom line once again, keep your stop loss tight. RR Ratio must be calculated and traded accordingly, stop loss must be below immediate previous swing.
Trade active
Partial quantity invested.Note
Market sentiment is negative about to hit a stop-loss.Trade closed: stop reached
SL hit forgot to update.
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