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CENTURY TEXTILES Share Tips, Technical Analysis Chart, Intraday Stock Trading Graph Advice - Stock moving up from strong support zone and Century facing golden ratio resistance, further strength expecting once closes above 620. (Updated on 01st September 2014, Monday).


CENTURY TEXTILES





  • As per previous report published on CENTURY TEXTILES stock have shown bullish move after breaking its resistance @ 609 and stock touched its resistance (golden ratio @ 618)  as mentioned in our previous report. (Click here to see previous report published on Century Text).
  • As per current graph no1 , technical indicates that stock is moving up from golden ratio support this indicates as long as stock holds above 568 it will be favored by bulls, but once stock closes below 568 and stays below then bears will have grip in century text and stock may see some further weakness, but as long as holds above bull have strong grip.
  • As per technical graph no2, stock has shown some weakness after testing its golden ratio resistance @ 620, this indicates as long as stock stuck between 568 - 620 century text will not show clear direction and , but if stock closes above 620 and holds above then stock will show some further strength for next few trading days. And stock will find next strong resistance around 650 its previous top (mention in graph no 2 and graph no3).
    • Intraday trading tips - close watch when century text starts trading above 620, if holds above 620 during trading hours then intraday bulls action is expecting.
  • As per graph no3, stock is now testing its long trend line support zone as long as holds above its will favored bull but once stock starts trading below its trend line support then century will show first sign of weakness.
  • As per chart no4, stock has formed doji star (candlestick formation). This usually indicates change of trend and sharp move... Close watch appearing of doji star indicates that sharp move is expecting in coming days in Century Text.
  • Click here to see all the free trading reports (tips) published by us on Century Text.
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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.