Century Textile - Correction Begins Short

CENTURY TEXT & INDNSE

Description

⋅ Jan 17, 2018 3:16 AM

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

Trade active

⋅ Jan 17, 2018 3:45 AM

Trade active

⋅ Jan 18, 2018 4:42 AM

Continues to get selling pressure at higher levels.

Trade active

⋅ Jan 18, 2018 8:30 AM

Initial Target 1380

Trade closed: target reached

⋅ Jan 18, 2018 9:07 AM

Initial Target reached. Regards

Trade active

⋅ Jan 31, 2018 4:25 AM

Comments

syamchandran

⋅ Jan 18, 2018 12:05 PM

good call

HemantBetala

⋅ Jan 18, 2018 5:31 PM

Is the short going to continue tomorow or Uprally ?

NeeteshJain

⋅ Jan 19, 2018 3:37 AM

@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

HemantBetala

⋅ Jan 19, 2018 7:38 AM

@NeeteshJain, Thanks a lot.

appleos

⋅ Jan 17, 2018 6:38 AM

need to maintain strict stop in case of reversal

NeeteshJain

⋅ Jan 18, 2018 3:38 AM

@appleos, Yes, and now this new rally is short lived as in nifty 11K shall act as strong resistance. Thanks