CENTURYPLY trade ideas
Buy Centuryply Buy Centuryply
CMP 124.5, till 120
Keep SL of 115 on closing base
above 126.5 rally is expected
Target - 132, 148, 163, 174
CENTURYPLY LTD 4 HOUR WOLFE WAVE CHART CENTURYPLY LTD 4 HOUR WOLFE WAVE CHART
STRONG SELL SETUP IN CENTURYPLY LTD BELLOW 178
SELL AT 172-174 TIGHT STOPLOSS 178 TAKE PROFIT 162 & 152
All information is for educational and informational use only
Century PlySTRICTLY 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 : Buy for DeliveryCentury 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 is probable candidate for mean reversion.
Delivery Trader can Buy at 160-162 with stop loss of 150 on daily closing basis for 1st target of 175 and 210.
Intraday trader can buy at 160-161.20 with stop loss of 155 for target of 175
CENTURYPLY - Falling WedgeCENTURYPLY (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!
CENTURYPLY : Buy zone coming soon..As per my wave analysis, we should expect a buy soon..
Keep track ..
CENTURY PLY- Buyers emerging at current levelsCentury ply may be ready for an up move once the resistance zone of 185/190 is taken out. Stock heading toward 230/240 zone. Aroon indicator has signaled a buy.
Century Ply - Also cracks 235 - 150 (Target Done)- Get a bat11:09 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 careful
10th Sep 2018 - Ply gets the crack
Century Ply - Ply gets the crack too from 238 HighsReview 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 Ply - Above 275 -It can fly else it will feel shy!Hello All,
08:38 Hrs - 20th Aug 2018
Last Price-226
Today, I have made an attempt to write about stock Century Ply- Shall refer this stock as Mr. Ply. This stock is also an amazing stock when it started its upside run from 12–15 base price to 80’s in 2007–2008.
Post 2008- Global Meltdown for Financial markets its upside was capped at 80’s & Mr. Ply struggled & spent hard times for next 6 years along with India Nifty to start its explosive journey in 2014 - when India had new dawn /new morning & we just came out of the dusk.
This dusk was the longest one seen so far by Indian Markets & finally year 2014 came with happy times.
Its almost 4 years -Mr Ply had a fly to 363 Highs forming double top which is strong resistance with reducing volumes indicated that higher prices above 263 was good to book & take home profits when you saw 360’s price zone getting restricted for almost 4 months -Jan/April 2018.
Short Term Scenario
Holding 224 which is double bottom can be support for upcoming sessions & push Mr. Ply to 255–265 zone where it will see resistance back.
If it faces resistance in 255–265 zone holding below 275 -can take the stock below 224 lows.
Moving above 275 - check long term strategy
Long Term Scenario
Unless Mr. Ply crosses above 275 - we won’t be interested or we look for support below 224 levels in 135–155 zone- a strong support zone for next set of big move upside.
Planning Your Next Moves
You should look to add this stock to your portfolio between 175–190 zone & rest in 135–155 zone for new upside beyond 363 highs.
