IMPORTANT RESISTANCE LEVEL : 320
TARGET : 395/530
VIEW CHANGES BELOW : 259
TIMEFRAME : 4-6 months / 15 months
Centuryt textiles is trading in an uptrend but is now fast approaching a stiff resistance at 320 which was the previous
breakdown level for the scrip. Once the level is toppled, a move towards 395 is likely to open up in the next few months
therafter. With a 15 month perspective, once the trading breakout is confirmed, a move towards 530-550 range is likely to
open up as this level was also the intermediate top of the scrip. At the current juncture important support is at 260 levels
which makes the risk to reward slightly stretched.
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TARGET : 395/530
VIEW CHANGES BELOW : 259
TIMEFRAME : 4-6 months / 15 months
Centuryt textiles is trading in an uptrend but is now fast approaching a stiff resistance at 320 which was the previous
breakdown level for the scrip. Once the level is toppled, a move towards 395 is likely to open up in the next few months
therafter. With a 15 month perspective, once the trading breakout is confirmed, a move towards 530-550 range is likely to
open up as this level was also the intermediate top of the scrip. At the current juncture important support is at 260 levels
which makes the risk to reward slightly stretched.
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