Only a move above 350 levels can trigger a good rally in the stock.
Though it looks good to keep it in the radar.
Immediate Support Range : 270-300
The said view will be negated if it closes below 250 levels.
NSE:CENTURYTEX has made CUP N HANDLE pattern and it is about to break neckline of the pattern on Daily Chart. Stock has recently made Higher Bottom and it will going to make Higher Top soon. ADX & RSI has just recently given positive crossover.
We are strongly recommending Buy above 321 level with Stop Loss below 290 on closing basis with Target of 380 in next...
NSE:CENTURYTEX has made CUP N HANDLE pattern and it is about to break neckline of the pattern on daily chart. Stock has recently made Higher Bottom and It will going to make Higher top soon. ADX and RSI has just recently given positive cross over.
We are strongly recommending Buy above 321 level with Stop Loss of 290 on closing basis with Target of 380 in next...
AS PER WAVE ANALYSIS THE STOCK IS CURRENTLY TRADING IN ITS 5TH WAVE . THERE IS A FORMATION OF HEAD & SHOULDER PATTERN ON THE CHARTS WHOSE BREAKOUT OF THE NECKLINE HAS BEEN SEEN IN TODAY'S SESSION. THE STOCK CAN BE SOLD AROUND CURRENT LEVELS OR A LITLE BOUNCE NEAR 270-275 KEEPING SL OF 395 ON CLOSING BASIS FOR TARGET ZONE OF 245/225/200 .
EXPECT A BOUNCE ...
It has been observed that the price action is breaking out from a consolidating trendlines. Further weakness may further push down the prices to support zone.
T1- 295
T2-280
SL- 330
Counter is around life time high,, and can face some selling pressure around this levels if not able to sustain,, RSI have given negative divergence in recent 2 peaks, and historically if observed price pattern and RSI negative divergence matches the pattern of last time, marked on chart,, if this has to be followed we may see sell off in counter,, wait for...
NSE:CENTURYTEX IN DETAIL
Century Textiles & Industries fell 3.19% to Rs 600 after the company announced a dismal Q3 result during market hours today.
Fundamentally stock might be looking weak as per q3 FY20 results, expecting a good result in q4 FY20, since it TTM looks very good while comparing to last year result mar 2019
technically stock may look for...
