Sensex
Century Textile and IndustriesThe 1 D chart of Century Textile and Industries has shown beautiful triangle formation, which has now reached till apex. The price has crossed the EMA 50 level as well as Historic Resistance at around 308 with comparatively higher volumes. The closing of the current candle at the prevalent levels will confirm the entry. Almost all the technical indicators are also on the Buy side.
BSE Sensex Positional (1-Hour Timeframe) Trading IndicatorPeriod: 04/02/2009 to 20/07/2020.
No. of Points: 1,04,403.
No. of Trades: 674.
% Profitable: 52.37%.
Profit Factor: 1.732
Points per trades: 154.90
No. of lots: 2 (1 lot is partially booked after 750 points which can be customized and remaining 1 lot is in trade until the trend is reversed).
NIFTY 50 long term ViewFrom Current date 18th July Nifty at 10900 +
Step 1: Nifty will retrace 78.6% till 11377.75.
Step 2: To form a Head, NIFTY will fall from 11377.75 to 8800 level.
Step 3: Nifty will then form another shoulder on the right.
Step 4: Nifty breaks below 8800 and falls down to 6225-6350 level which is a big support level.
Vodafone Idea getting ready for a ride. Don't MissThe most under rated stock is now on its dream run, get ready for the big rally. As per my analysis Its now trading inside the triangle pattern so a breakout to the upside can give target of TP1 - 14.45 TP2 - 18 and TP3 - 23 keep stoploss under 9 as it is the bottom of the flag pattern. Good luck and enjoy the ride any bad news for the stock can ruin the rally but it's less expected keep stoploss and ride.
A very good potential pharma company to invest for good returns.One can trade in this script with immediate target of 570 followed by 610 and higher before stock split, keep stop loss at 500. Good luck and have a great profitable day.
For long term investors keep it in your portfolio and hold for multi fold returns.
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