TREND ANALYSIS
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 8 to 12 times.
stock is in up trend
saw a sudden pull back
after a bounce stock is in a range
if the range breaks out, can expect the stock to move higher
towards 1140/1155/1175/1198
with sl placed around 1095
century gave a long term breakout ...- follow the black line ....
its now on the verge of a new territory ,...can be a multibagger sorts ....can just fly once red line is crossed ...keep an eye ....
but til then have patience ...wait for the red band for buying if u geta chance for that ...
disclaimer : only for self tutorial ...
It is been observed on the hourly chart, that the price action is facing a selling pressure at 817-807 resistance levels, and now it shall further dip down to 50% Fibs retracement levels.
Target 1: 755
Target 2: 744
Stoploss: 801
Century Textiles & Industries Ltd. engages in the manufacture and distribution of textiles, cement, and cement products. It operates through following segments: Textiles, Paper & Pulp, Real Estate, and Others. The Textile segment consists of the production of yarn, cloth and denim cloth, viscose filament yarn and tyre yarn. The Paper & Pulp segment includes the production of pulp, writing and printing paper, tissue paper, multilayer packaging board, and fiber line. The Cement segment comprises cement and clinker. The Real Estate segment refers to the leased properties. The Others segment covers salt works and chemicals. The company was founded on October 20, 1897 and is headquartered in Mumbai, India.
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CENTURYTEX
