Query : I have short position in Century Textiles. Can you give the view. Those who have shorted can keep 1165 as trail stop. 1165 will act as resistance. I expect the price will move sideways in the zone 1145 - 1132. 1095 will act as support. In daily chart price is moving inside the channel and I have drawn it as a red line. Price may bounce taking support at lower channel. The levels to watch are 1165, 1145, 1132, 1114 and 1096.
Comment
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As I expected 1165 acted as support.
Comments
DINESH1961
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Thank you very much for your valuable reply. This will help me to manage my trade
vanathi
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@DINESH1961, I analysed it for short term swing trade. Happy to know it will be useful to you.