The short-term outlook is bullish for Century Plyboards (I). The inventory surged over 4 per cent on Wednesday. That rise has taken it above the 100-Day Shifting Common (MA) resistance poised round ₹650. Previous to this rise, the inventory had discovered sturdy help under ₹630 this week.
The 100-Day MA can be a direct help now. Beneath ₹630-628 would be the subsequent essential help zone. Century Plyboards (I) share value can rise to ₹700-715 over the following three-four weeks. Brief-term merchants can go lengthy at present ranges. Accumulate on dips at ₹652 and ₹640. Maintain the stop-loss at ₹625. Path the stop-loss as much as ₹660 as quickly because the inventory strikes as much as ₹668. Transfer the stop-loss additional as much as ₹675 when the value touches ₹682. Exit the lengthy positions at ₹695.
(Word: The suggestions are based mostly on technical evaluation. There may be danger of loss in buying and selling.)
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