ANALYZING CHARTS

                           Chart Of Century Textile.                                  

Above shown is the daily chart of Century Textile with some technical patterns shown. The tops marked as 'A' and 'B' approximately at a price level of 600 had formed a double top pattern giving a strong resistance to the stock but as we can see in the last trading session the stock has breached the level with a strong volume unlocking its level for upside. Also, a trend line which was breached on the upper side some days ago was retested at the point marked 'C' making a very bullish reversal pattern. Therefore, according to me the stock can gear for targets of around 640-645 and one should maintain a strict stop loss below 585. It would be safer to buy the stock as the price breaks the 615 level. I am expecting the target to be achieved in a short duration....