CENTURY TEXTILES
- Stock is moving up from strong support zone, 50 days moving average and 61.8% fibonacci retracement golden ratio, this indicates as long as stock holds above Century will favor bulls, By looking at graph no1 closely it indicates that stock moved up from 50 DMA from last 3 times and this time too Century is bouncing back. Close Watch.
- As per graph no2 Century is facing 50% fibonacci retracement resistance around 609, once stock closes above 609 then will be facing next strong resistance @ 618 its 61.8% fibonacci retracement (golden ratio).
- Intraday Tips - close watch once stock starts trading above 609 , if holds above then can see some intraday action in Century Text.
- Suggested Reading - INOX LEISURE facing strong trend line resistance, will favor bulls once stock closes above.
- As per graph no3, Stock is also moving up from strong trend line support, this will favor bulls to take stock further up. and on upper side will find trend line resistance around 650 its previous top.
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