CENTURYPLY trade ideas
century ply looks bullish in medium term.in weekly - price bounced from uptrend channel support it can easily go to the channel resistance.
also in longer time frame, it broke out of horizontal channel with good volume,
sl - 280 1st tgt - 330, 2nd tgt - 365
Century Ply- SellCentury Ply has broken a 8 months long upward sloping trendline yesterday and has continued the downward momentum today forming a big red candle with volume. The stock is a good short at 259 with a target of 240 with a stop loss of 270.
CENTURYPLYCENTURYPLY
1. Monthly, Weekly and Daily trend observed is uptrend.
2. Horizontal support is seen around 270.
3. Trend line support also coincide around 270.
If price bullish price action around 270, price expected to inch towards 310.
This views of mine is for purely my study purpose only.
CENTURY PLY : Ready for next Century ?Cup and handle breakout on weekly chart suggests an century increase .
Will it do in a T20 style ?
See chart for details
Cup and Saucer one can buy at CMP with a Stop Loss of 250 for a target of 270 as it is a resistance level once it is broken we can see a level of 290 and then 350 for a long term
Centuryply06/02/2017-Buy Centuryply trg-250....keep hold.11.81% yoy grouth in its Q3FY2017 standalone net sales at Rs425.5 cr.
