Buy Century Textiles for target of Rs 545-550: Religare

MUMBAI: Birendrakumar Singh, technical analyst, Religare Securities is of the view that Century Textile has given a break out of an intraday “Extracting Triangle” pattern. He has advised traders to buy the stock for target of Rs 545-550.

“Century Textile has given a break out of an intraday “Extracting Triangle” pattern; volume was comparatively higher at the time of breakout. Maintain a stoploss of Rs 511 for long position for target of Rs 545-550.

Note: Call valid for 4-6 trading sessions.