Century Plyboards – Technical Analysis for learning

Century Plyboards trading in a broad consolidation/range-bound structure after the sharp recovery from the ₹620–₹650 zone. The stock has repeatedly faced selling pressure around ₹800–₹820, making this an important resistance zone. On the downside, the ₹740–₹750 area is currently acting as an immediate support, with multiple price reactions visible around this region. A sustained hold above ₹740–₹750 could lead to another attempt toward ₹780–₹800. A decisive breakout above ₹820 with strong volume would strengthen the bullish setup and potentially signal a fresh upward move. Conversely, a breakdown below ₹740 could increase selling pressure and push the stock toward lower support levels. Overall, the stock remains range-bound until a clear breakout or breakdown occurs.