Few trading ideas by Vaishali Parekh, Research Analyst - Technical Research at Prabhudas Lilladher:
CENTURY TEXTILES - BUY
CMP: Rs 1,281.05
TARGET: Rs 1,385
STOP LOSS: Rs 1,200
The stock has been on a good run with steady and gradual rise in the past 2 months and now it has given a closing breakout above the previous peak level of 1220 to signify strength and potential to rise further upward. The RSI has been on a strong trend and also the MACD is on the rise with good decent volume participation. We recommend a buy
CENTURY TEXTILES - BUY
CMP: Rs 1,281.05
TARGET: Rs 1,385
STOP LOSS: Rs 1,200
The stock has been on a good run with steady and gradual rise in the past 2 months and now it has given a closing breakout above the previous peak level of 1220 to signify strength and potential to rise further upward. The RSI has been on a strong trend and also the MACD is on the rise with good decent volume participation. We recommend a buy