CENTURYPLY LTD - 40% Upside Potential Price Analysis & Overview:
1. Price stricture shift from bearish to bullish.
2. Bouncing from demand zone, expecting to move higher to form a higher high.
3. Earnings are good.
Trade Plan:
1. RRR is favourable.
2. Entry = CMP 740
SL = 10%
TP = 1:3,1:4
- Stay tuned for further insights, updates and trade safely!
- These are my personal views.
- If you liked the analysis, don't forget to leave a comment and boost the post. Happy trading!
Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Please, do your due diligence before investing.
Thanks & Regards,
Anubrata Ray
CENTURYPLY
Century Plyboards (India) Ltdif your vision is for long term or for swing also you can buy this share because as shown in charts. buy this share. on 26 th of december becuase as shown in charts this share. start upward journey after 1 weeks . so you can go with share for quick profit , and hence quick loss , ha ha ha ha ha ha ha ha ha ha ha ha ha
This share is for long term and short term also .
For long term:-you can add postition in it when this share comes across the 750 to 790 zone. target and stop loss is totally depend on your profit and loss taking ability (Mentioned share , sector do very very good in future ) so for long term hold , hold hassle free........
For short term(swing trader):-You can add this share tommorow also there is no problem but if you want to play safe than make entry make on 26 DEC. 2023 and stop loss is around 790. this share is for quick return so please make proper quantity for that.
if you earn good return is swing so please do comment
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DISCLAIMER:-I am not responsible for any profit or loss or whatever ..trade i mentioned below and above . only you are resposible for that i am not SEBI REGISTERED consult your financial advisor before taking entry in any share. only you respobile for your loss and profit also...
THANKS...
See you in profit days ...
Will Wood Product Maker firm (Century Ply) will Fly in Blue Sky?Hello Guy's, i hope you all be doing good.
I have brought another stock, which has given Rectangle Pattern breakout with good volume, and now we can see bullish momentum in it.
Stock has given a breakout after almost 2 years, and Stock is above Short, Medium and Long term Moving Averages. Means Strong Bullish Momentum we can see in coming few months. Kotak Mahindra Group is holding 4.82% stake in it. This is industry leader Stock. Promoters holding remains unchanged at 73.04% in Sep 2023 qtr.
Technical indicators (MACD) suggesting a bullish crossover. So overall it is in strong bullish momentum.
About Company:-
Century Plyboards India Ltd was incorporated in January 1982 by Mr. Sajjan Bhajanka and Mr. Sanjay Agarwal. The company has a diversified portfolio & manufactures plywood, veneer, laminates, medium density fibre (MDF), particle board and allied products.
Largest player of Plywood in India:-
The company is a leading manufacturer and supplier of plywood with 25% market share in the organised plywood market of India.
Market Cap
₹ 16,377 Cr.
Current Price
₹ 737
High / Low
₹ 750 / 436
Stock P/E
43.0
Book Value
₹ 93.3
Dividend Yield
0.14 %
ROCE
27.0 %
ROE
22.8 %
Face Value
₹ 1.00
Industry PE
30.4
Debt
₹ 483 Cr.
EPS
₹ 17.1
Promoter holding
73.0 %
Intrinsic Value
₹ 287
Pledged percentage
0.01 %
EVEBITDA
27.2
Change in Prom Hold
0.00 %
Profit Var 5Yrs
19.3 %
Sales growth 5Years
12.5 %
Return over 5years
32.0 %
Debt to equity
0.23
Net profit
₹ 381 Cr.
ROE 5Yr
18.8 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
Dear traders, If you like my work then do not forget to hit like and follow me, and guy's let me know what do you think about this idea in comment box, i would be love to reply all of you guy's.
Thankyou
Centuryply Ltd... in an ideal buying zone!After 18 weeks of consolidation, Centuryply's price broke out and is currently in an ideal buying zone in the range between 719 and 749.
Probable initial target of 855 with support at 661.
Keep a strict stop loss at 5-8% or as per your risk management.
Note: Not a buy and sell recommendation, but a personal analysis.
CENTURYPLY | Good for Long NSE:CENTURYPLY
Cmp : 710.5
Closing Above 716 will give a good Move in Intraday
& above 738 for Swing.
#Study, Learn & Earn.
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Disclaimer: All the information posting on this page are for the educational purpose only, we are not SEBI registered financial advisor. We wont recommend any BUY/SELL of stocks. Contact your financial advisor before taking any action.
CENTURY PLY - Symmetrical Triangle + Huge volume - Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
EXPECTING A BULLISH MOVE IN CENTURYPLY As per the 2 Hour Chart of CENTURYPLY LIMITED, we have witnessed a Formation of “Hammer” on the chart. Therefore, we are expecting a bullish momentum in CENTURYPLY in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 610.10, 620.55, and 631.90. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 585.60, on closing basis. Closing Price (as on 31.12.21) : 600
Disclaimer: No financial information whatsoever published here, should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for Educational and Information purposes only and under no circumstances should be used for making investment decisions. Viewers must consult their personal financial advisor before making any actual investment decisions, based on information published here. Any Investor or Trader taking decisions based on any information published here, does so entirely at its own risk. Investors and Traders should bear in mind that any investment in Stock Market is subject to unpredictable market-related risks.