#CENTURYTEX gave a BO out of the range on the back of the strong volume. It has been in the consolidation for the past few weeks on a low volume and with this BO, I expect the stock to continue the upward move.
CENTURY TEXTILES (1D TF) - Swing Trade Analysis given on 10th March, 2024 Pattern: SYMMETRICAL TRIANGLE BREAKOUT - Resistance Breakout - Done ✓ - Volume buildup at Resistance - Done ✓ - Demand Zone Retest & Consolidation - In Progress #centurytextiles #centurytex
Date : 30-03-2024 Buy CENTURYTEX above 1624 Target of 1735-1840-2055 SL 1273 Strategy : SBO + RSI > 60 + EMA above 20 & 50 Duration few weeks Please consult your financial advisor before investing All research for educational purposes only. Stock is ready to cross past barriers with good volumes
Volume buildup in daily and weekly time frame. Resistance turns support from 1330~40 zone. Taken support 3 times from the above mention resistance zone. Breakout of darvas box setup, wait for retest for conformation. Note: I do my analysis, do yours before trade.
Volume buildup in daily and weekly time frame. Resistance turns support from 1330~40 zone. Taken support 3 times from the above mention resistance zone. Breakout of darvas box setup, wait for retest for conformation. Note: I do my analysis, do yours before trade.
Bullish Pennant Breakout Setup RSI above 65 and rising Trading above EMA50 Volume spurt Disc: for study, not a recommendation
for education purpose not any response before any trade consult ur adviser
Potential Breakout stock for long term holding, it's good fundamentally strong company with excellent past performance.
Triangle pattern formed in daily Timeftame and 4 hours timeframe. this can be taken for a long CE option with stoploss below tringle pattern
Bullish Pennant Breakout Setup RSI near 60 and rising Trading above EMA50 Volume increasing Disc: For study, not a recommendation
📊 Script: CENTURYTEX 📊 Sector: Paper 📊 Industry: Paper Key highlights: 💡⚡ 📈 Script is trading near at middle band of BB. 📈 MACD is giving crossover. 📈 Double Moving Averages is giving Crossover. 📈 Right now RSI is around 58. 📈 One can go for Swing Trade. ⏱️ C.M.P 📑💰- 1491 🟢 Target 🎯🏆 - 1598 ⚠️ Stoploss ☠️🚫 - 1438 ⚠️ Important: Always maintain your Risk &...
Potential swing trade opportunity in CENTURYTEX - Daily timeframe. There is a potential upside of up to 16% in this next leg of swing within the pattern.
im excepting a slow upside movement. which is higher high higher low. we can expect this to come down till 1340. hence buying oppurtunity in every dip. these are my views.
textile industry in mega trend monthly rsi above 50 debt free company long term view make money. keep investing.
The light blue rising support line has been respected by the stock multiple times, Taking the level as support, it has formed a small Double Bottom Pattern, The slow rise in volume after the bounce from support, and during the bullish leg provides confirmation. For a short term trade, tgt is 1203 and sl is 1098.
Coming out of consolidation of almost 2 years. Volumes went dry during this consolidation. Textile sector on the other hand showing strength. 935-1024 shall now act as good support. If it manages to close and sustain below these zone then our view stands invalid. After breaking the ATH level of 1024 it went into 7 week consolidation and past 3 weeks it has...
CENTURYTEX Bullish; above 1140 on Monday 09 Oct. The above information does not constitute financial/investment/trading advice or recommendation and it is purely for educational purpose. Swing Trading Strategy: One may enter into a position only upon stock closing above the entry price on day closing basis and hold on for 5/10 trading sessions for larger...
Forming HH HL pattern since diagonal trendline breakout in July 2023. Currently consolidating near a horizontal resistance at 1117 with decent volumes. Price sustaining above 1140 will open further upside for the stock. Note: Sharing my chart reading for educational purpose only. This is not a recommendation for buy or sell.