CENTURYTEX Conditional Buy Level IdeaMy best entry level to buy NSE:CENTURYTEX is 740 with stop loss of 699 (-41 Points). Can hold for big targets of 780, 805, 833 & 865.
This could be low risk and very big reward option.
Note: This is my personal analysis, only for learning. Thanks.
Centurytextile
CENTURYTEX - Long view - double bottomTrading idea for the stock
Buy: 892
Target: 955
Stop loss: 863
Profit: 3774
Loss: 986
Risk/Reward: 1:2.17
Quantity: 34
The stock has formed a double bottom on the daily time frame and gives a very good opportunity to enter the trade at above 892 levels
R1 - 894.83
R2 - 916.42
R3 - 948.33
S1 - 841.33
S2 - 809.42
S3 - 787.83
CENTURY TEXTILES - Could it be an easy climb?"Stocks Go Down Faster Than They Go Up, but Go Up More Than They Go Down". In this case it might as well go up fast.
Lets see !
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CENTURYTEX - Channel BreakoutCenturytex 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+
About to clear ascending triangle patternCentury Textile is at the top of an ascending triangle pattern. Wait for break above the triangle and a throwback before entering.
Century Textiles BreakoutCentury Textiles already given triangle breakout and waiting for the next to buy
