Published on 21/08/2019 4:02:05 PM | Source: Choice Broking Pvt Ltd

Sell Century Textile and Industries Ltd For Target Rs. 775.50 - Choice Broking

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

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* On an hourly scale, the stock has been sustaining above its 100 Hourly Exponential Moving Average which shows a positive move in the counter.

* On a daily scale, the stock has bounced back from of its lower band of Symmetrical Triangle formation which shows stock may accelerate in coming trading sessions.

* Additionally, the stock has bounced from its multiple support line which suggests a bounce back move in the counter.

* A daily momentum indicator RSI reading is at 43.37 level with a positive crossover which points out for a positive breath in the stock.

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


Sell CENTURYTEX Aug Fut @ 835.80 & Upto 833.50 SL 866 TGT 775.50


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