CENTURY TEXTILES LTD (Stock future) CMP 335-336 High 440 Today

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CENTURY TEXTILES LTD (CENTURYTEX Stock future) CMP 335-336 (NSE Future)

Arguments for lower prices:

• Last two year’s low price 216 and last one year’s low 254.
• This stock failed to take resistance 407-409.
• CENTURYTEX is trading below of 444 Seller point.
• Recession in Europe, slower demand from China and India.

Arguments for higher prices:

• This stock fired to 440 today from support of 381.
• Now, here is a great opportunity for Short term traders as 444

Conclusion:

• Short Term traders can book profit at 339-346 as mentioned in chart.
• Do you want to take short selling fresh position on 442 around…?
• Next, you will see targets of CENTURYTEX future as 409-414 and
• Suppose to break below 400… then again start free fall continue to 362-339

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