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You are here : IndiaNotes >> Research & Analysis >> Companies >> Century Textiles & Industries Ltd. >> Research

Century Textiles: Technical analysis

Jainam Research | 31 Mar, 2015  | Follow Author | Add to my Favourites 
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Analysis




- Stock has made 52 week high 664.40 (21stJuly 2014) & 52 week low and328.20 (30thApril. 2014)


- After making 52 week high stock enters in to cosnolidation phase and trading in range for more than 7-8 months.


- Stock is has given trendline breakout in this march month by closing above590/600 levels and coming out of the range suggest upside potential in this

counter.


- On Monthly & Weekly charts the momentum indicators giving positive crossover suggest the upside momentum will be observe in coming months.


- Increased volume observed during breakout candle.


- Stock is above its 20 day SMA (571.70), 50 days EMA (554) & 200 days EMA (524) suggest & short- Mid term trend is up.



Strategy:


Buy Cent Textiles for 629 & add on dips for possible Target- 800/ 860 SL- 560 closing basis (3-4 Months)


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About Jainam Research

Jainam Research was incorporated in 2003 with the vision to be the most preferred organization providing all financial services across the country. The foundation is on "Value" Systems - "Value" addition to Corporate, Retails and HNI Individuals through superior Wealth Creation Practices.

 

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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor IndiaNotes.com accept any liability whatsoever arising from the use of any of the above contents.




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