Century Plyboards: Long Positional Trade Idea 🚀
Technical Setup:
Century Plyboards has shown a strong breakout above ₹860, reclaiming key resistance levels with good volume support.
The stock has formed a higher-high, higher-low pattern, confirming bullish momentum.
Entry Point:
Ideal entry above ₹865 for confirmation of the breakout.
Stop Loss:
Place a stop loss at ₹800 to manage risk effectively.
Target Levels:
Target 1: ₹925
Target 2: ₹975
Indicators:
RSI at 64 indicates strong bullish momentum without being overbought.
Short-term moving averages are aligned positively, indicating a continuation of the uptrend.
Risk/Reward:
Favorable with a strong breakout and volume confirmation.
Note: Monitor price action near ₹925, as it could act as a resistance zone.
#CenturyPlyboards #StockMarket #PositionalTrade #TradingIdeas
Technical Setup:
Century Plyboards has shown a strong breakout above ₹860, reclaiming key resistance levels with good volume support.
The stock has formed a higher-high, higher-low pattern, confirming bullish momentum.
Entry Point:
Ideal entry above ₹865 for confirmation of the breakout.
Stop Loss:
Place a stop loss at ₹800 to manage risk effectively.
Target Levels:
Target 1: ₹925
Target 2: ₹975
Indicators:
RSI at 64 indicates strong bullish momentum without being overbought.
Short-term moving averages are aligned positively, indicating a continuation of the uptrend.
Risk/Reward:
Favorable with a strong breakout and volume confirmation.
Note: Monitor price action near ₹925, as it could act as a resistance zone.
#CenturyPlyboards #StockMarket #PositionalTrade #TradingIdeas
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.