CENTURYPLY trade ideas
Century Ply - BullishStock is in consolidation for too long
Looks like now ready to turn around
Can stay long until 385/390 is not broken
Stock can show 500 levels in coming times
Educational view / Expecting this / Century plyWhich entry level is good ?
too early entry or safe side breakout entry ?
just an view ...
keep in the radar
CenturyplyDisclaimer : Only for educational Purpose,not a stock recommendation
Trading is an art, learn the art!!!
#stockInvestment
Double Century ! Century might rebound from this level as depicted by system.
Pattern wise it is forming a cap ; might end up forming a cup handle
Trading Levels:
Added at 340 , will add more quantity if price drops until my stop loss is taken out .
Stop loss at 317
300 is a crucial level for this scrip. as long as 300 is not taken out, we can expect bounce back & upmove
Target: Modest 2-10%
Century plyboards can we expect a breakout soon ?Looks like centruy plybaords going for the 500 mark.
good entry point would be at the breakout or at the support line.
Century Ply 3Yr Rounding BreakoutMoving along with sector.
SL: Sell below Breakout Candle.
TGT: SL: Below BO Candle
TGT: Breakdown for 20MA on Hourly chart (on a daily close basis)
BUY RULES:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL RULES:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Century Ply - Strong Breakout with Volumes- Strong Fundamentals
- Stock might test the level of 345 and again continue an upside journey
- 345 will be a good entry point with a stoploss below the recent consolidation - 313 Rs
- Breakout after huge volumes - consolidation - Volume expansion
- Stock is volatile so a good entry is always possible at lower levels of 330 if the level of 345 gets broken
- If the stock breaks 360 levels with volumes, it might show a huge breakout after a consolidation
- The stock shows high volatility as it is at Long term resistance level. Trailing may backfire.
- Medium term trade is possible at breakout above 360-370 levels
Buy Century PlyMy idea is for educational purpose.
Buy Century ply above 130 with SL of 128. Enter only if stays above 130 for short term gain of 10-20%.
CENTURYPLY: Good Breakout but Risky Market. Follow strict SL 320Target all-time high double top: 363. Risk: Reward is 1 : 2.7
