CENTURY TEXTILES - Swing Trade - 10th March #stocksCENTURY TEXTILES (1D TF) - Swing Trade Analysis given on 10th March, 2024
Pattern: SYMMETRICAL TRIANGLE BREAKOUT
- Resistance Breakout - Done ✓
- Volume buildup at Resistance - Done ✓
- Demand Zone Retest & Consolidation - In Progress
#centurytextiles #centurytex
CENTURYTEX
Crossover - CENTURYTEX📊 Script: CENTURYTEX
📊 Sector: Paper
📊 Industry: Paper
Key highlights: 💡⚡
📈 Script is trading near at middle band of BB.
📈 MACD is giving crossover.
📈 Double Moving Averages is giving Crossover.
📈 Right now RSI is around 58.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 1491
🟢 Target 🎯🏆 - 1598
⚠️ Stoploss ☠️🚫 - 1438
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Happy learning with trading. Cheers!🥂
CENTURYTEX - Potential Swing Trade opportunity - Daily TimeframePotential swing trade opportunity in CENTURYTEX - Daily timeframe. There is a potential upside of up to 16% in this next leg of swing within the pattern.
CENTURYTEX - Weekly Chart AnalysisComing out of consolidation of almost 2 years. Volumes went dry during this consolidation.
Textile sector on the other hand showing strength.
935-1024 shall now act as good support. If it manages to close and sustain below these zone then our view stands invalid.
After breaking the ATH level of 1024 it went into 7 week consolidation and past 3 weeks it has managed to close and sustain above 1108 level which it was having difficulty closing earlier.
Volumes are decent. Stock is also trading above its key moving averages.
As per the trend based fib 1390 - 1600 - 1890 levels can be tested in the long term.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
Long CENTURYTEXIn the last trading session, CENTURYTEX gave a breakout of the falling trendline and it consolidated before the breakout. MACD is positive and the structure is looking good.
Keep tracking it and try to tap good trade.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be responsible for any profit or loss.
CENTURYTEXCENTURYTEX:- Stock has formed head and shoulders pattern on daily time frame, wait for breakout till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
CENTURYTEX breakdown?⚠️ CMP: 641
- Making Lower High Lower Low
- Trading around the pre-COVID price
- Now near support of the 200-week EMA
- Reported the lowest sales in the last 4 quarters
- FIIs have been reducing their stake
EPS strength: 37
Price strength: 20
CENTURYTEXCENTURYTEX:- The stock has formed a rounding top pattern, if the stock sustains by giving a downside breakout, we may see a downside movement in the stock, watch out
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
A bullish reversal pattern from the support in CENTURYTEXCENTURYTEX is in a reversal trend and according to my conviction, this will hit the 920.00 level in a month. One should take the 913.00 level as a stop loss.
CENTURY TEXNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
CENTURYTEX - Possible BOCENTURYTEX - after a month of consolidation trying to break the trendline. Add to watchlist -
2022-07-22 volume is Monthly high, crossed WK High and Monthly-Piv Upside. In Squeeze and today candle stick pattern is Three-Line Strike. in Daily/Weekly/Monthly time frames close is above SMA-20. The monthly trend is already +ve and the Weekly trend is changed to +ve today. Daily/Weekly time frames SMA 13 crossed SMA 55
2022-07-27 (802) Close crossed Monthly-Piv downside. Close is below Weekly 20 SMA.
2022-07-28 Again close is Crossing 4 weeks High and crossed WK & M-Piv Upside. In Squeeze from 3 days. Close crossed Weekly 20 SMA
2022-07-29 Overall Trend Changed to +ve Today. Still in Squeeze
2022-08-01 (843) High on momentum. The trend is +ve. About to break the trend line. --- Watch out.
YR 2022 Idea #32: Long on CENTURYTEXThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. Our objective to help anyone who wants to learn technical analysis using charts by demonstrating my real trade entries. You can post your queries in comment section here and we will try to answer them asap.
Expecting a Bullish Move in CENTURYTEXAs per the 2 Hour Chart of CENTURYTEX , we have witnessed the Formations of “Bullish Harami” as well as “Inverted Hammer” on the downside.
Therefore, we are expecting to witness a bullish momentum in the stock in the upcoming trading sessions. Wherein it is being expected to face a resistance initially at around the levels of 866.80, 877.15, and 892.35. Whereas, on the other hand, on the downside levels, the stock may face a support at the level of 842.60, on closing basis.
Closing Price (as on 25.01.22) : 855.60
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.
Long CENTURYTEXClear uptrend breakout in chart or you can say break the darvas box upside.
Target is height of rectangle box
Breakout stocks: Greaves Cotton Privi Specialty Century TextileChart Analysis of Greaves Cotton Privi Specialty Century Textile
Greaves cotton has given a multiyear breakout. After 6 year stock is crossing the level of 185
Inverse head and shoulder breakout in Privi speciality
Century Textile heading towards 52 w high
Century TextilesInverted head and shoulder pattern breakout and retest done
Looking good for swing with Minimumn 1:2 RR
Sl 870 closing basis
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Intraday @CenturytexCENTURYTX CHART FOR INTRADAY 3RD JANUARY 2022
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on verge of double bottom breakoutbuy above 892 for Swing and Intraday
for swing keep Stoploss(830 breakout candle low)
for Swing keep target of 975, 995++
For stoploss in Intraday use 5 minute chart and see nearest support.
for target use 5 min chart and fibonacci pivots as i don't keep predefined target.
try to book partially and trail.
Note: this is not a prediction for LONG/SHORT, trade will trigger only on given level as per technical analysis
NOTE: For Gapup or bo before 9:20
If gapup is more than 1% from bo level than avoid completely.
if less than 1% or gives bo before 9:20 than wait for
first 5 minute candle and entry above 5 minute candle
and revised SL below candle Low.
Century Tex - End of Down TrendSigns of Climax Volume seen
Trend Line Broken (With Volume)
May reach old higher levels again
Risk to Reward Ratio : Excellent
CENTURYTEX - LONGCenturyTex is approaching the demand zone. Keep eye on It. Invest Properly as market is in correction mood.
Disclaimer - Only for educational purpose.