CENTURYTEX:- Stock has formed head and shoulders pattern on daily time frame, wait for breakout till then keep an eye on the stock
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...
IT CAN COME UP TO 6377 ,6580
LOOK FOR HIGHER HIGH HIGHER LOW IN THIS AREA, IF FALLS TO MAKE HIGHER HIGH HIGHER LOW, THEN SHORT AROUND
(6377 AND 6580 ). BE CAREFUL FOR FALSE BREAKOUT AROUNG 6600 . AND THEN SHORT
AND LOOK FOR 5860 AND 5760 .
STOP LOSS 6650
Jindal steel & Power looks to have bottomed out and breakout above marked area (100 level) with good volume will be good opportunity to buy.
Fresh cycle will start from this level. Keeping eye on this one...