Century Textile Institution Buying

Century Textile has been in the consolidation phase for the last 4 months forming a symmetrical triangle. Last week price has moved out of the pattern with big volumes. We have also seen the institution buying on that day. Morgan Stanley Asia Singapore PTE has bought 6,88,800 shares at 317.45. "Morgan Stanley Asia (Singapore) Pte. operates as an investment management company. The Company offers asset and wealth management, investment banking, research, and advisory services. Morgan Stanley Asia serves customers worldwide". This institution buying in the stock makes it attractive at the current level. Currently stock is trading at 52 week low (518) and it is almost 50% below from its 52 week high. There is one more indication that the stock is being accumulated at the bottom. Rising OBV is indicating that the stock is being accumulated at this consolidation phase. So keep your eye on this stock.