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Sunday 29 March 2015

ANALYZING CHARTS

Shown above is the 60 minutes of Century Textile. As we can see that the points marked as 'A' and 'B' together formed a double top which was breached by the stock in the last trading session and has been able to sustain the breakout, therefore i am expecting targets of 635-640 on an intraday basis. For a safer side we will maintain our stop loss below 588 marked on the chart as 'I'(the trend line connecting the points 'C'.'D','E','F' and'G'). If the stock breached 640 levels I expect it to extend its gain till 665.

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