will go LONG on CESC because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle) and may reach the resistance zone (upper end of rectangle) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle) and may reach the resistance zone (upper end of rectangle) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Note
Entry - 567 or 585Target - 662 or 670
Stoploss - 533
Trade active
Trade closed: target reached
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.