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.
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...
The 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...
CMP: 597
- More than 60% upmove in less than 2 months (Sept to Nov 2021)
- Consolidating in Symmetrical Triangle pattern for 3 months
- Let's see where it heads in coming days
NSE:CENTURYPLY
CMP = 405 is ATH.
Breakout confirmed from Ascending Channel Pattern
Ready to Rally 24% and test its Multi-Year Trend Line Resistance
Target : 496
SL = 356
Golden Cross Over signals very Bullish Phase ahead
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...
Based on recent consolidation on high volume - we see Centuryply - possibly trying to take out the Price Rejection Zone.
Good opportunity to enter with long term view.
Once price rejection zone is crossed -- we can see good growth.
Positional Trade: Century Plyboards is on the verge of breaking out of a rectangle.
Buy: Century Plyboards
CMP: 423
Target 1: 460
Target 2: 475
Stop Loss: 408
