CenturyplyHi,
Price traded in parallel channel and now traded near to the support area so possiblity that it will be moves upper side let's see what happens
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered
Century Plyboards (India) Ltd.
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Century Plyboards: Long Positional Trade IdeaCentury Plyboards: Long Positional Trade Idea 🚀
Technical Setup:
Century Plyboards has shown a strong breakout above ₹860, reclaiming key resistance levels with good volume support.
The stock has formed a higher-high, higher-low pattern, confirming bullish momentum.
Entry Point:
Ideal entry above ₹865 for confirmation of the breakout.
Stop Loss:
Place a stop loss at ₹800 to manage risk effectively.
Target Levels:
Target 1: ₹925
Target 2: ₹975
Indicators:
RSI at 64 indicates strong bullish
50 SMA Rising- Positional TradeDisclaimer: I am not a Sebi registered adviser.
This Idea is publish purely for educational purpose only before investing in any stocks please take advise from your financial adviser.
Its 50 SMA Rising Strategy. Suitable for Positional Trading Initial Stop loss lowest of last 2 candles and keep trailing with 50 days SMA if price close below 50 SMA then Exit or be in the trade some time trade can go for several months.
Be Discipline because discipline is the Key to Success in the STOCK Market.
CENTURY PLY S/RSupport and Resistance Levels:
Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline.
Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down.
Breakouts:
Bullish Breakout: When the price move
CENTUARY PLY - Moving out of the Accumulation Zone. The stock has finally moved out of the consolidation zone. Late last December, the stock met with price rejection around 850 levels and it was pushed down below the 200 DMA levels. Then it started consolidating for almost three months now. The money flow had started increasing for the past month and the relative strength also started showing signs of recovery. Today, the stock moved out of the consolidation zone with a gap-up opening and a widespread up-bar. Of course, it did meet some supply. a
10 percent each month from now for next 2 and half monthHere is a SWOT analysis of Century Plyboards (India) Limited:
Strengths:
1. Strong brand recognition: Century Ply is one of the leading and most recognized plywood brands in India.
2. Diversified product portfolio: The company offers a wide range of plywood, laminates, and other wood-based products to cater to diverse customer needs.
3. Extensive distribution network: Century Ply has a vast distribution network with over 30,000 dealers and retailers across India.
4. Experienced management team:
CenturyPly (CENTURYPLY) - Potential Upside This TradingView idea analyzes CenturyPly (CENTURYPLY) on the NSE and explores its potential for growth in two scenarios, incorporating pivot point data for additional insights.
Company Financials:
• Market Cap: ₹ 14,820 Cr (as of December 2024)
• Current Price: ₹ 667
• P/E Ratio: 41.0 (below industry average)
• Book Value: ₹ 93.3
• OPM (Operating Profit Margin): 14.4%
• EPS (Earnings Per Share): ₹ 16.3
Scenarios and Target Prices:
• Scenario 1: Assuming OPM of 15.75% and EPS of ₹20.97, the targ
CENTURY PLY – Poised to move higher?Almost six months of consolidation. Now moved out of the consolidation zone with volume support. The Relative strength is turning positive. Money flow and buying pressure is also positive adding to the strength. Increased delivery-based buying is also seen.
Interestingly, in the weekly TF we can see a nice volatility contraction pattern, making the probability of up move higher. However, 744 is a last point of supply on the weekly TF.
Once the stock moves above 744 it will move much higher.
Cup with handle formation in daily chart Century Plyboards India Ltd was incorporated in January 1982 by Mr. Sajjan Bhajanka and Mr. Sanjay Agarwal. The company has a diversified portfolio & manufactures plywood, veneer, laminates, medium density fibre (MDF), particle board and allied products.
Profit is increasing YoY.
CENTURYPLY - Bullish ConsolidationNSE: CENTURYPLY is closing with a bullish consolidation candle supported with volumes.
Today's volumes and candlestick formation indicates strong demand and stock should move to previous swing highs in the coming days.
The stock has been moving along the horizontal support for the past few days which is indicating demand.
One can look for a 8% to 12% gain on deployed capital in this swing trade.
The view is to be discarded in the event of the stock breaking previous swing low.
#NSEindia #Tr






















