Wednesday, 11 May 2016

Century Plyboards

Century Plyboards (I) Ltd. is looking very good and showing very good strength on chart. This stock is currently trading at Rs.177/- on NSE with good volume. One should buy it with strict stoploss of Rs.172/- for intraday 1st target of Rs.181/-, 2nd target of Rs.183/- and 3rd target of Rs.186/-. One should hold this stock with above said stoploss. In short term the stock may touch the level of Rs.197/- to Rs.207/-. Yesterday its delivery volume was almost 57% of its trading volume. One should buy and hold it for short term.  If the stock crosses the level of Rs.187/- then a fresh and strong momentum may be seen further  which may drag it to the level of Rs.200/- to Rs.210/-. A strong momentum may be seen today with huge volume. Government is about to impose anti dumping duty on plyboards which will be act as booster for all this sector.

 I am not registered with SEBI and also not have any financial interest over any particular stock. Here  I share only my personal views and ideas of trading and investing in the Indian stock market. Before investing or trading one should consult his professional adviser or should take his own decision. I/blog author will not be responsible for any loss or profit due to trade or invest through effecting by my ideas or views. Before trading or investing one should apply his own mind or consult his professional financial adviser.
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