Century Textiles

Hi All,

There is W and Ascending triangle pattern breakout in century textiles.

Volume also looks good. Let me know your views.

Regards
Sujan

 

Hi! Sujan this is making high top high bottom also from june.

 

CENTURY TEXTILES rallied from 338 to 373 from the time thread started.

Now again can enter 373 for target of 400 with stop loss of 340. Let me know your views.

It' having resistance at 387 , yet stock can cross that level.

 

Hey sujan
What happened, suddenly u have started analyzing like immature trader.
From the above data I feel so, plz don't mind that take it in a positive way to improve ur analyzing cause risk reward ration is not good in above call where u get 27 point if u win but if u loose than it is 33 points, so better to work on it.
Another thing you r targeting 400 where 375-390 is resistance area and if it cross that level it will be breakout and then it can up more than 400 and according to me 335 is good suppot.

 

400 is my first target and would set targets as pattern goes.

I took recent breakout as support that is 345 as SL.

As I would trade this in Options.....can go for profit booking and take positions intermittent with less money though stock spikes.

 

Do post when u get in and @ what price.

 

Took position when stock was trading at 374

 

In equity @ 374
what about in option. 380 ce oct

 

yes 380 CE 2 lots at 11.50.

 

Squarred off at 16.00......profit of 9k.

 

Good one, in a single day u earned 9k means u r going to be millionaire by the year end.

 

We must also think about the risk

 

In u r side that is no where, that is why I said.
And I am just trying to figure out how can it be possible cause according to me in share market no one can be 100% and if by chance it is u then I must learn from u.

Cause My way of trading is not to follow any one in trading if u want to then try to find out the strategy which he/she is using and try that strategy if it works for u or not.

 

I will watch the stock moment , volume and pattern for many days. I will enter and exit when stock is going strong. I will make sure to exit after stock goes 3 - 4 points up side from my entry level, but with bulk quantity.

This is my trading strategy. Once I made profit again I will take break and closely watch for momentum.

Earlier I was hurrying up and making positions without doing proper analysis and at same time not understanding the momentum which eventually put me in losses

For instance, I started Century textiles thread 10-09-12, but I took position yesterday. I will also hold for some time if i find stock intresting.

 

Sorry not able to understand, can u explain in detail.

 

Sanjay, let me know which point you are not able to understand. I will elaborate it.

 

Okay its simple. Waiting for the volume and open interest build up, accordingly taking position with bulk qty and exiting by profiting 3 -4 point on upside.

 

This is all.
I am sorry but it is not strategy, it is just speculation.

I hope it work for u for longer term.

 

lets discuss the topic this weekend....will explain you over phone.

If you think I'm speculating than why would I do analysis and publish charts on forum.

Is taking position at breakout is Speculation ?