Long
CENTURYTEX - Channel Breakout
Updated
Centurytex was trading range bound for a couple of months with the channel shown in chart. With festivities around the corner expect some surge in textile sales and chart shows some channel breakout today. One can initial a fresh long on this counter. Centurytex published a bad quarter last time, expect some changes in this quarter on the next one. First target - 347+. Second target - 358+. Third target - 417+
Note
First and Second Target achieved easily. Consolidating at current stage for further up move. Conservative traders can book or wait for 3rd Level.
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