CENTURYTEX - rejected from previously formed resistance.
If we draw trendline from recent low, its clearly acting as support line.
If breaks below 324 levels from current levels, we can expect good downside upto 310 levels.
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 5 to 8 times.
TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 8 to 12 times.
Takuri Candlestick at the lower line of Falling Wedge suggest a reversal and today's Green bar is confirming it. The Trade is available at small risk so one can trade like this
Entry 880
SL 868
Target 9455
Risk/Reward Ratio 3
Disclaimer : All ideas are my personnel view. Please take financial consultancy for trading decision.
Century Tex formed Bullish Harami Candlestick Pattern and near to slanting line. That's the trading strategy of Bullish Harami candlestick pattern. Levels are given on chart.
NSE:CENTURYTEX it has posted a good results, Weekly having hidden bullish divergence, but also having a rounding top can wait and take positions accordingly. Buy target 1100 Sell target 750
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.
