Umang_Sharma

Century Textile: Analysis

Long
NSE:CENTURYTEX   CENTURY TEXT & IND
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.
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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.
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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.
Comment: Market sentiment is negative about to hit a stop-loss.
Trade closed: stop reached: SL hit forgot to update.

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