Century Textiles : Bullish Bias in Medium-term

Weekly Chart
As evident from the weekly charts, the stock has moved out from the Head and shoulder pattern @285 with increased participation. It moved till INR 322.00 where it faced resistance. Eventually, it tested the neckline, where buying emerged once again and the century continued its uptrend. The implication of the said pattern is bullish in the medium term. Currently, the stock is trading near 316. It could face minor resistance near 325. Once it is taken out it would head towards INR 340 and INR 350.

Comments

  1. AbhaMarch 5, 2014 at 10:24 PM

    Recommended at 316. On 06, March, it posted a high of 337.On 05, march Crossed 325, intra day it gave 5% return.

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  2. AbhaMarch 26, 2014 at 10:08 PM

    Posted a high of 354 on March, 27,2014.

    ReplyDelete
  3. AbhaMarch 31, 2014 at 8:30 AM

    Posted a high of 369.00 on 28, March, 2014.

    ReplyDelete

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