📌Consolidating above Major Resistance
✅Keep on Radar
CENTURYTEX
+ Trading at ATH
+ Big accumulation and low red Volume
+ Trading above Key EMAs
+ Strong Relative Strength
On 2 hourly chart there is inverse head and shoulder formation neckline is marked as yellow line
The volume during the formation is low, and ATR was also steadily falling
Price found support on the rising trend line (blue line) on 25-80-23
and after that bullish strength started to increase gradually, (increasing volume and ATR)
On the breakout candle , the vol...
Century Textiles Cmp 832 dated 20-6-2023
1. Inverted H&S Pattern BO @ 833
2. Price Rise with Volume Rise
Buy above 833 target 855-885-910-950-1075
SL 780
It is just a view, please trade at your own risk.
Forming Cup and Handle Pattern. Volume is Decent and trend is bullish. Go big on it.
Entry -: 830 above on daily closing
Target -: 1000
SL -: 769 daily closing
RRR -: 1:4 almost
Keep trailing SL after 1:2
Century TEXT & IND: Trend Line breakout
Buy above 875
Short Targets:884/905/918
SL as per risk management
Disclamier: Im not SEBI registered, contact your financial advisor before any investment.
Long Centurfly above 820 after the BO of TL for the target 950 SL 760. A stock in momentum RSI above 60 sign is a bullish sign. This is for your educational purpose only.
In the last trading session, CENTURYTEX gave a breakout of the falling trendline and it consolidated before the breakout. MACD is positive and the structure is looking good.
Keep tracking it and try to tap good trade.
Disclaimer - I am not a SEBI-registered technical analyst and advisor so contact your financial advisor and make a self-decision. I will not be...
DISCLAIMER
Our video is intended only to provide general and preliminary information to traders/investor and shall not be considered as any investment decision. Do your own analysis, This is not a buy or sell tip. This is just for educational purpose only. And I'm not responsible for your Profit or loss as I'm not a SEBI registered financial advisor.
CENTURYTEX:- Stock has formed head and shoulders pattern on daily time frame, wait for breakout till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow...
Analysis Criteria Used:
1. Please find the Chart Analysis done for the Intraday Trade Idea levels for 19th May, 2023
2. The analysis for the Trade ideas, has been done based on Trend analysis and Chart Patterns with Volume Buildups
Focus On:
1. Always keeping your Risk Management in play
2. Using a Stop Loss; because it is your Best Friend
3. Always Plan your...
Century Textiles Cmp 624 dated 3-3-2023
1. Thusrday made inside candle.
2. Friday closed above the inside candle.
3. RSI BO
Buy above 630 for target 645-660-685 SL 605
Disclaimer :
I am not a SEBI registered Analyst so please do your own Analysis before taking any action.
The above view is shared just for educational purpose.
By no means shall be responsible...
