November 20, 2015
Century Text (NSE Cash)
BUY
` 542
` 577 - 573
` 620
5-10 sessions
560
545
599
622
Bullish
Source: Falcon (Time - 09:50 IST)
After a sharp correction in August month, this stock has managed to take a breather around its multi-
year support zone of 485. In the recent past, the stock was in process of building a strong base
around this support zone and is now moving higher.
During yesterday’s session, we witnessed a convincing breakout from the stiff hurdle of the daily 89
EMA as well as the recent highs of 572.
In addition, the weekly chart now looks extremely encouraging and thus, expecting a strong upside in
the medium term as well.
Looking at the above technical evidences, we advise traders to buy this stock from current level
to a decline up to ` 573 for a target of ` 620 in coming 5 to 10 trading sessions. The stop loss
for this trade set up can be kept at ` 542.
November 20, 2015
Century Text (NSE Cash)
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Target Achieved
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