Attached alongside is the daily chart of Century Textile with a Gann line, MA and Fibonacci lines overlaid on it. All these context definers are combined to produce good supports at 474-77 levels.
The stock after witnessing continuous downtrend in the past two weeks has now approached this region where the above mentioned support clusters seem to
have attracted some bulls back into the game. Prices on Friday managed to bounce back well from the same levels and closed with a long body bullish candle suggesting aggressive interest of the market players.
In sync with this pullback we also notice that the momentum indicators have witnessed a fresh uptick and suggest some more rallies in near future. Buy now and on dips to 495. Targets 550-560 / 577 / 594, stoploss below 474.
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