This TradingView idea analyzes CenturyPly (CENTURYPLY) on the NSE and explores its potential for growth in two scenarios, incorporating pivot point data for additional insights.
Company Financials:
• Market Cap: ₹ 14,820 Cr (as of December 2024)
• Current Price: ₹ 667
• P/E Ratio: 41.0 (below industry average)
• Book Value: ₹ 93.3
• OPM (Operating Profit Margin):...
We have a breakout in Centuryply, volumes has been very good for the last 2 weeks. Traders should look for long opportunities in the stock till the stock trades above 710.
Buying range - 710-750
CENTURY PLAY gave weekly resistance zone as well as head and shoulders chart pattern neck zone breakout with gud volume bar and strong bullish candle along side with hidden trend line and trend line can play for swing as per your RR.
Almost six months of consolidation. Now moved out of the consolidation zone with volume support. The Relative strength is turning positive. Money flow and buying pressure is also positive adding to the strength. Increased delivery-based buying is also seen.
Interestingly, in the weekly TF we can see a nice volatility contraction pattern, making the probability...
Century Ply today made an all time high of 750
The volumes are also looking good
Buy at current market price
Target 1 - 790
Target 2 - 850
Target 3 - 940
Stoploss - 595
CenturyPly
Buy Above 747
Keep Sl 423
For target 800-853-959-1091-1224
Time frame 3-4 months
Fundamentally Ok no issue
Currently trading with strong Volume+ Sector also in demand
Century Plyboards India Ltd was incorporated in January 1982 by Mr. Sajjan Bhajanka and Mr. Sanjay Agarwal. The company has a diversified portfolio & manufactures plywood, veneer, laminates, medium density fibre (MDF), particle board and allied products.
Profit is increasing YoY.
NSE: CENTURYPLY is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on...
Short term view
Centuryply ltd buy above 535 (Need to sustain above the level with good candle)
Charts for Educational purposes only
Please follow strict risk reward and stop loss if you follow my level
Thanks,
V Trade Poin
Century ply view
535 above if sustain then hope for bulls in short time frame
Charts for Educational purposes only.
Please do follow strict stop loss and risk reward if you follow my level
Thanks,
V Trade Point
CENTURYPLY weekly short type 1 confidence entry
take entry if it retraces ..but not reacted from any stronger opposite demand zone
BTW, stock already broaken its M/W demand...so lees risk
As per my analysis on weekly chart NSE:CENTURYPLY has been retraced. Not it will be best to take entry for long when price come to 556 with stop loss of 528 (-28 Points). My expected upside target will be 593 (+40 Points), 620 (+64 Points) & 620 (+79 Points). It could low risk and high reward option.
Note: This is my personal analysis, only for learning. Thanks
RAIN INDUSTRIES - Confluence of harmonics and waves.
168.60 seems to a target at point D.
Keep SL as Point B
CENTURY PLY - Bearish harmonic bat.
One can go long with a SL of today's low.
Target = 643.85
GMDC - Smoothed Rounding bottom formation
One can go long with a SL of 50 ema.
