CMP : Rs 19.7
Long Term Supports : Rs 18
Stock Lost more than 90% of its value right from the start of 2006. Currently Celebrity Fashion is trading above 200 day moving average(Rs 18) for the past 1 month which doesnt happens in past 2 years. Stock also shows a multimonth positive MACD divergence in both weekly and daily charts. These factors shows that traders sentiment in this stock has changed much positive than before and more possibly Rs 18 will act as strong supports in medium term. Even if we apply 13,34,55 EMA principle(Not Shown in the charts) it is pointing to a bullish sentiment in this stocks.