DAILY FINANCIAL WISDOM: The world is full of trading techniques and strategies that work until they don't work...
DAILY FINANCIAL WISDOM: "Never short a dull market..."
Century Textiles is showing signs of short term trend reversal as strong resistance building around 1150-1155 Zone. More over the price action points to trend exhaustive trade setups. Price acceptance below 1140 will bring more weakness towards 1120 and 1100 levels.
Buy Century Text - Getting Support at top SL 994, target - 1050
DAILY FINANCIAL WISDOM: "Regardless of what you may think, you don't trade a strategy...you trade who you are.
CENTURY TEXTILE IS IN UPTREND SINCE LAST 15 DAYS ALMOST. ITS INCHING UPWARDS NON STOP WITHOUT ANY SIGNIFICANT CORRECTION. PRICE IS FOLLOWING CHANNEL SINCE LONG TIME . RALLY SHOULD FIZZLE OUT SHORTLY. ONE CAN GO SHORT IN OPTIONS AS TIME DECAY WILL YIELD GOOD PROFITS. HOWEVER THOSE WHO WANT TO GO SHORT IN FUTURES OR SPOT 890 IS GOOD LEVEL TO GO SHORT WITH SL OF 900
keep in your portfolio, buy whenever there is a fall. don't invest all amount at a point, invest at various support levels, so that loss will be averaged.....
This is a text book case for momentum traders. Have this one in the watchlist
Observing negative divergence in Century textiles - Short term
Stock price touched trend line resistance and rejected from there at the same time RSI also showing bearish diversion so go short. Entry stop loss and targets given on chart. HIT LIKE IF YOU LIKE THIS TRADE SETUP I REALLY APPRECIATE THAT. TRADE WITH CARE. REGARDS KING999
Will go further uptrend and good time to go long.. Guppy trend
CENTURYTEX (SPOT) - DAILY Weak below 650, Resistance 670, Supports 625, 602, 586, 573, 551.