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Published on 18/04/2019 3:57:44 PM | Source: Choice Broking Pvt Ltd

Buy Century Textile and Industries Ltd For The Target Rs.1010 - Choice Broking

Posted in Broking Firm Views - Short Term Report| #Century Textiles and Industries Ltd #Textiles Sector #Trading Report #Choice Broking

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* On a daily chart, the stock has given a breakout of its downward falling trend line which indicates a robust upside movement in the counter.

* Moreover, the stock has taken the support of its 21 Days Moving Average which suggests a bounce back movement in the counter.

* Even on a weekly chart, the stock has been sustaining above its 200 Weeks Moving Average which shows a positive momentum in the counter.

* A daily momentum indicator RSI reading is at 64.75 level with a positive crossover which points out for a positive breath in the counter.

* Based on the above technical structure, we are expecting a good upside movement in the counter in few trading sessions.

Recommendation

Buy Century Textile and Industries Ltd @937.30-941.15 SL 910.00 TGT 1010.00

 

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