March 10, 2016
Century Tex (NSE Cash)
477 - 480
14 - 21 sessions
Source: Falcon (Chart Time: 10:47 IST)
In the month of February, the stock had breached its medium term support of
485. In last few trading
sessions, prices have given pullback and the support breached is expected to act as resistance. The resistance
zone coincides with potential reversal zone (PRZ) of a bearish harmonic pattern called ‘Anti Butterfly’ on daily
chart. Looking at the current chart structure, we are anticipating a correction in the counter.
Thus, traders are
advised to sell the stock at current levels and on rise to
480 for a target of
448. The stop loss for the
trade set-up can be kept at
March 10, 2016
Last 6 recommendations
Recom. Buying/Selling Range CMP
Target 2 Stop-loss
738 - 742
925 - 930
182 - 180
108 - 107
863 - 867
1746 - 1735
Source: Angel research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website:
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