Century Textile - Positional
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Levels are marked on chart.
The stock broke out of its resistance at 330-335 zone - retested it; and then closed comfortably above it despite a red candle.
The next key support/resitance zone is 350-355.
Positional Trades:
RR isn't attractive but price action is strong for both scenarios.
Buy above 340 for 350, 355, & then trail SL if it sustains above 355 with Sl at 332.
Sell below 330 for 320 with SL at 350
The stock broke out of its resistance at 330-335 zone - retested it; and then closed comfortably above it despite a red candle.
The next key support/resitance zone is 350-355.
Positional Trades:
RR isn't attractive but price action is strong for both scenarios.
Buy above 340 for 350, 355, & then trail SL if it sustains above 355 with Sl at 332.
Sell below 330 for 320 with SL at 350
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