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...
⚠️ 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 - 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 (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our...
Fresh Breakout on CENTURYTEX.
Good to enter here or safe can add near retest.
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My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
first long till PRZ level and if find reversal at PRZ then book your long position there and short from there. \
******whatever charts or levels sharing here are just for educational purpose only not a recommendation. please do your own analysis before taking any trade on them. we are not SEBI registered.
Tested resistance 376 in the last few sessions, Moving averages indicates that it will break the resistance on 17 Sep and will go for 485 or may be higher by the end of the week.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or...
Century Textile and Industries Ltd ( NSE:CENTURYTEX ) is Making Symmetrical Triangle Pattern (PATTERN BREAKOUT TRADE). This can become a very good trade for intraday traders.
Target + Stop Loss: There is no target here. You keep the first target as much as the stoploss you put. And the stoploss will be the low/high of the candle that broke this pattern. Or...
Ascending Triangle pattern about to beak bullish upwards on 7 Sep,2020. Moving average of 50 days crossed Moving average of 144 days in the end of the trading day on 4 Sep,2020. This was one of the top movers on a bearish market on 4th sep, 2020. Targets on the chart.
Professional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN...
I hope you can now see how CENTURYTEX represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor.
Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis .
Disclaimer: It should not be assumed that...