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

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2. Update

CENTURYTEX
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 great opporunity fo 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

Short term:

 

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Mr.Guru is a registered investment advisor for Moneymunch, he is a regular guest on popular channels and writes for several newspapers and financial journals. They've black magic of stock market analysis because studied charts over 20 years.

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