Idea No# 1- Long Position in Century Textile

Near to its breakout price which is 980.
Currently trading in "Upward Sloping Channel" which is a positive sign.
Taking a good support at ascending trend line. Once it breaks the 980 level, chances are high that 1020-1050 will be on cards soon.
Buy- above 980
Stop Loss- 975
Target - 1020-1050
Horizon- 3 to 5 days

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It was a gap up opening at 986, above it's resistance, however, stock failed to sustain the position.
This idea stands void for now, however, keep a watch on it..

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