CENTUM trade ideas
Centum Electronics Ltd. - Trendline breakoutCentum Electronics Ltd. - Trendline breakout
StopLoss @ 453
Target 1 @ 575
Target 2 @ 778
Centum Electronics - Post crash high with triangle breakout After spending all of 2021 stuck in a 120 Rs range, Centrum electronics has finally broken out with huge volumes. The stock has broken and closed above an 18 month old resistance trendline (red horizontal trendline on the chart) and it has also decisively broken through the 200 wma for the first time in many years.
One can go long in Centrum Electronics at CMP and add to the long position on any downside to 465-470.
Stop Loss : Longs can be held with a WCB stop loss of 460-465.
Targets : Initial weekly target would be the 2018-2019 weekly resistance zone of 565. Once this is taken out, the stock is clearly headed to test the 6 year old, long term resistance trendline which is currently placed at ~ 660.
Breakout in CentumCentum has done its breakout from its trendline but has not got good volume
Entry looks good above todays high (if gets good volume)
Stoploss is near about 385 (based on the closing)
Tagret are marked in the chart itself
CENTUM Electronics - CMP: 428Stoch has given Falling Channel a breakout with a good delivery volume. We can expect price movement up to 465 as pattern breakout in near term.
CENTUM - LONG TERM BETTHIER IS HIGH CHANCE THE STOCK MIGHT SHOWCASE A BREAKOUT IN THE NEAR FUTURE. GET READY TO RUMBLE
Note:
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!
Buy CENTUM at break of TrendlineBuy CENTUM at break of Trendline for target of 80rs with suitable R:R
Buy Centum Electronics...High Tech Electronics manufacturerAs can be seen Centum has broken out from the triangle pattern comprehensively and had a retest of the breakout level of 335 as well before continuing its uptrend. Maximum target of Rs. 650 can be seen based on the height of the triangle. others may visualize a downward sloping INHS as well.
Please view, analyze and make own judgement.
I am invested and hence biased.
Centum- Cup & Handle Pattern#Centum has given breakout in Cup and Handle pattern and now stock can move toward 600-630 level according to chart support at 520 level.
Watch Out for Break Out!Stock has been consolidating in a triangular pattern, positive breakout could trigger 700-730 levels
Watch out for break out!Stock has been into triangular consolidation stage, breakout on the upside to get the stock moving towards 700 mark.
