MTF Stock Pick Buy Century Textile and Industries Ltd For Target Rs. 980 - HDFC Securities
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MTF Stock Pick Buy Century Textile and Industries Ltd For Target Rs. 980 - HDFC Securities
TECHNICAL OBSERVATIONS
* Bullish “Flag” Pattern Breakout is seen on the Daily Chart
* Stock has been finding support on its 20 days EMA
* On 28 th July Stock surged more than 10% with jump in volumes, which resulted in to fresh breakout
* Post breakout stock went in to running correction mode and now seems to be resuming its primary uptrend
* Indicators and oscillators have been showing strength in the current uptrend
* Stock is placed above medium to long term moving averages, indicating bullish trend on all time frames
Buy Century Textile and Industries Ltd Up to 3 Months @ Average level 730 CMP 783 TGT 980 SL 702
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