CENTURY TEXTILES
- As per previous report published on CENTURY TEXT, stock has shown sharp move after breaking its golden ratio resistance @ 620, and after that stock is on bull run and so far made a high around 643.50. (Click here to see previous report published on CENTURY TEXT).
- Now current technical chart no1 indicates that stock is holding above its golden ratio resistance , this will favor bulls to take stock further up, If moves up then Century Text will find next strong resistance around 651.
- As per chart no2, stock has formed Doji candle formation, this usually indicates change of trend and sharp movement, close watch as per Candle Stick studies stock gonna see come sharp move in coming days. Close Watch.
- Suggested Reading - FORTIS HEALTH CARE has formed Triangle pattern, sharp move expecting when it comes out.
- As per graph no3, Stock is holding its strong trend line support support as long as stock trades above it will favor short-long term traders and on upper side will find next strong resistance around 651. Once close above 651 then Century will be in strong bulls grip for next few trading days and some price increase action can be seen.
- Intraday Trading - Close watch once stock starts trading above 651 , if holds above during market hours then intraday bulls action is expecting.
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- As per graph no4, If stock moves up from current levels and closes above its resistance @ 651, then will find next strong resistance around 700 its 161.8% fibonacci retracement. Close Watch.
- Click here to see all the free trading reports (tips) published by us on Century Text.
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