CENTUM:- Stock has given breakout by forming head and shoulders, we should wait for retesting till then keep an eye.
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As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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Note:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
After spending all of 2021 stuck in a 120 Rs range, Centrum electronics has finally broken out with huge volumes. The stock has broken and closed above an 18 month old resistance trendline (red horizontal trendline on the chart) and it has also decisively broken through the 200 wma for the first time in many years.
One can go long in Centrum Electronics at CMP...
Centum has done its breakout from its trendline but has not got good volume
Entry looks good above todays high (if gets good volume)
Stoploss is near about 385 (based on the closing)
Tagret are marked in the chart itself
THIER IS HIGH CHANCE THE STOCK MIGHT SHOWCASE A BREAKOUT IN THE NEAR FUTURE. GET READY TO RUMBLE
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for...
