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Century Textiles & Industries Ltd. (CNTY) : Looks good to LONG @ 941.75
STOPLOSS : 925.45
TARGETS : 948.45 - 963.90 - 995.20
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CENTURYTEX has completed minimum target of double bottom. Now it may again go and retest the neckline. One can short it between 915-920 with SL above 930. Yesterday's candle is not engulfing candle as there is 5 paise difference between yesterday's close and today's open.
Indicators are slowly turning to positive side. MACD crossover may happen on coming weeks in weekly chart and RSI,CCI,Stochastic are in positive mode in weekly chart, ADX showing bearish reversal. These are in Indicators/Oscillators side. Patterns side, Round bottom and triangle breakout also leads to finish the targets.