Paul - The Octopus which could have been a boon for stock markets is no more. May his soul rest in peace.

 
Stock View: Century Enka

The stock has been consolidating between 230-260 for almost 2 months now, break on either side can give a 10-20 % move. Buy Century Enka only if it sustains above 261-263 with stoploss of 254 on closing basis and targets 290/300 in short term. Watchout for vols when it breaks about above 260, if vols are low then it may be a fake out rather than a breakout.

Have a nice trading day

Regards

Ankit