Coming 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...
In 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...
CENTURYTEX:- 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...
⚠️ 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
CENTURYTEX:- 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...
CENTURYTEX 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.
Note:
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...
3. Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns...
3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
CENTURYTEX - 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...
This 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. ...
As 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,...
Chart 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
Inverted 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.
buy 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...
