Buy and Hold Century Textiles & Industries for 4-5 weeks between 466-470, target- 504.0, stop loss 448.0

Century Textiles & Industries ltd. has been consolidating between over a month. The stock has given closing above its 20 day exponential moving average and is trading around its 50 day exponential moving average. 20 days exponential moving average closed at Rs. 461.2 and 50 days exponential moving average closed at Rs. 467.4. RSI is at 51.9. The technical indicators suggest an up move from current levels. We recommend a buy on this stock between Rs. 466-470 with a target of Rs. 504.0 over the next 4-5 weeks. Stop loss can be put at Rs. 448.0.

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