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Trader's Queries - Century Textiles!
Query : I have short position in Century Textiles. Can you give the view.
Those who have shorted can keep 1165 as trail stop. 1165 will act as resistance. I expect the price will move sideways in the zone 1145 - 1132. 1095 will act as support. In daily chart price is moving inside the channel and I have drawn it as a red line. Price may bounce taking support at lower channel. The levels to watch are 1165, 1145, 1132, 1114 and 1096.
Those who have shorted can keep 1165 as trail stop. 1165 will act as resistance. I expect the price will move sideways in the zone 1145 - 1132. 1095 will act as support. In daily chart price is moving inside the channel and I have drawn it as a red line. Price may bounce taking support at lower channel. The levels to watch are 1165, 1145, 1132, 1114 and 1096.
Nota
As I expected 1165 acted as support.
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Role I play here : Moderator. Follow me in telegram to trade better. t.me/Analysis4Newbie Contact information : tradingplan4u@gmail.com
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.