The short-term outlook is bullish for Century Plyboards (I). The inventory has risen 1.7 per cent on Thursday marks the top of the sideways consolidation that was in place because the final week of December. It additionally signifies {that a} contemporary leg of upmove has begun. The inventory has fashioned a powerful base above ₹750.
Quick resistance is at ₹810 which is prone to be damaged within the coming days. Such a break can take Century Plyboards (I) share worth as much as ₹860-870 over the subsequent two-three weeks. Merchants can go lengthy now. Accumulate on dips at ₹788. Maintain a stop-loss at ₹755. Path the stop-loss as much as ₹812 as quickly the inventory strikes as much as ₹825. Transfer the stop-loss additional as much as ₹840 when the value touches ₹853. Exit the lengthy positions at ₹865.
(Word: The suggestions are primarily based on technical evaluation. There may be danger of loss in buying and selling.)
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