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.
- Suggested Reading - LIBERTY SHOES facing strong golden ratio resistance, will favor bulls once closes above.
- 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.
- Suggested Article - Trading and Clearing holidays declared by NSE for year 2014.
- 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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