Swing Opportunity in Century Textiles

Go Long above 467.55 for target 487.7 with SL 447.5

Reasons to go Long :

1. On a daily timeframe if we draw the Fibonacci Retracement tool from recent swing low (Point A) to recent swing high (Point B) then we see that stock is taking support of 0.618 Fibonacci Level.

2. Also a bullish hammer (circled with orange color) is formed at 0.618 Fibonacci Level.

3. In addition to this there is a Support / Resistance zone around 0.618 Fibonacci Level also called a Demand zone marked with a purple rectangle.

Operación activa:

Entry triggered today (01 April 2021).

Operación cerrada: precio stop alcanzado:

SL Hit.