NeeteshJain
Short

Century Textile - Correction Begins

NSE:CENTURYTEX   CENTURY TEXT & IND
It has been observed that the price action rallied a long wave up. It made a new high but could not sustain and now indicating further correction from here on. MACD indicating a negative crossover too.

T1: 1350
SL: 1450
Jan 16
Trade active
Jan 17
Trade active: Continues to get selling pressure at higher levels.
Jan 18
Trade active: Initial Target 1380
Jan 18
Trade closed: target reached: Initial Target reached. Regards
Jan 30
Trade active
Is the short going to continue tomorow or Uprally ?
Reply
NeeteshJain HemantBetala
@HemantBetala, It has reached to the support zone and now if it breaks below 1370-60 zone then it shall further continue otherwise it wiil provide a pull back from here on. Thanks
Reply
HemantBetala NeeteshJain
@NeeteshJain, Thanks a lot.
Reply
good call
+1 Reply
need to maintain strict stop in case of reversal
Reply
@appleos, Yes, and now this new rally is short lived as in nifty 11K shall act as strong resistance. Thanks
Reply
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