NSE:CENTENKA
breakout given on monthly chart
cmp is 461.15
this kind of setup is worth studying to make awesome gains
This analysis is being done for educational and knowledge-sharing purposes.
This article does not offer any kind of buy or sell advice.
All stocks are positional and are held for a short to medium period of time.
Everyone is expected to conduct...
CENTRUY ENKA is a fundamentally strong stock and you can plan for a buy if it closes above the Trend line on a daily time frame.
Currently it's in the stage of forming the 3rd Motive Elliott wave , which suggests the bullishness in the market.
Disclaimer: The analysis is just for education purposes. Please do your due diligence
#CENTENKA - Potential BO
CMP - 616.95
BO Only Above 650
Next Levels can be expected 740 & 860
View will be negated below 540
Disclaimer : We are not Sebi registered analyst or Authorized analyst
The charts / Levels / Price projections are only for educational purpose.
This is our personal view, Pls consult your financial advisor before taking decision - Buy /...
Disclaimer: This is for demonstration and educational purposes only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before making any trade.
DON'T HAVE TIME TO MANAGE YOUR TRADES? | Trendline Breakout in CENTENKA
- Take BTST trades at 3:25 pm everyday
- Book profits within first 30 minutes of the market opening
- Try to exit taking 3-5% profit of each trade
- SL can be taken when 5/15 min candle close below 44EMA
Now why do I prefer BTST over swing trades? The primary reason is that I have observed...
CHART -> Century Enka MONTHLY SETUP
As seen per the chart, we can see a trendline which acted as resistance since 2006. Four times the stock got rejection from that trendline and couldn't close above that on monthly basis.
After 15 years, in January 2022 finally it was able to break out the devil trendline and gave close above that on monthly basis.
This should...
Confluence :
1.Around 190 days consolidation breakout
2.Weekly Breakout with Bullish Momentum
3.Monthly Breakout with Bullish Momentum
4.Trendline Breakout
5.Higher High Formation
6.All Time High
