STRICTLY FOR PERSONAL STUDY ONLY. NOT A BUY SELL RECOMMENDATION
if the resistance at 175 is broken, then can reach 186.
MACD is turning positive
RSI is nearing 80
Century Ply has a tendency to bounce from 150-160 zone which has already happened 3 times. Today, also we saw the same but with huge buying volume and close near the day's high. Bulls have been successful in closing above 4 days resistance zone of 160 + falling trendline. RSI and CCI crossover suggests the likley uptrend. 150-215 is the consolidation zone. Counter...
CENTURYPLY (Daily)
Expect a Falling Wedge break out above 170.
T1: 188; T2: 195; T3: 201.
SL Below 160 - as 160 to 162 is a very good support zone!
RSI trying to bounce from over sold zone!
11:09 Hrs 8th Oct 2018
Last Price@165
150 was awesome level last week - what a fall from 235 to 150 - Can it used to get a bat
20th Aug 2018 Idea - Century Ply Above 275 - can fly else will feel shy
First Idea - Holding 224 double bottom -pushing upside for 250-260 as suggested - makes high 238 & later going below 224 - crack visible be...
Review of Last Idea - Above 275 it can fly else it will feel shy
A short term bounce to 238 holding 224 lows a double bottom & later cracks below 224 -makes low @200 -10th Sep 2018
Happy Trading.
Century Plyboards (India) Ltd. engages in the manufacture and sale of plywood, laminates, decorative veneers, pre-laminated boards, and flush doors. It operates through the following segments: Plywood, Laminate, Medium Density Fibre Boards, Plain Particle Board, Container Freight Stations Services, and Others. The Plywood segment manufactures plywood, block-board, veneer, and timber. The Laminate segment offers decorative laminates and pre-laminated boards. The Container Freight Stations Services segment provides container freight stations and shipping services. The Others segment includes trading of chemicals, minerals, equipment, and readymade furniture. The company was founded by Sajjan Bhajanka and Sanjay Agarwal on January 5, 1986 and is headquartered in Kolkata, India.
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CENTURYPLY
