ProTrader1987

Idea No# 1- Long Position in Century Textile

Long
ProTrader1987 Updated   
NSE:CENTURYTEX   CENTURY TEXT & IND
Near to its breakout price which is 980.
Currently trading in "Upward Sloping Channel" which is a positive sign.
Taking a good support at ascending trend line. Once it breaks the 980 level, chances are high that 1020-1050 will be on cards soon.
Buy- above 980
Stop Loss- 975
Target - 1020-1050
Horizon- 3 to 5 days
Order cancelled:
It was a gap up opening at 986, above it's resistance, however, stock failed to sustain the position.
This idea stands void for now, however, keep a watch on it..
Order cancelled

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.