Weekly Chart #CESC NSE: CESC Short Term Quick Profit CMP 742.65 Target 1: 786 Target 2: 846 SL : 684 Timeframe < 90 Days Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA! Corrections followed by another high!
Factors: Inverted Head & Shoulder Pattern Forming Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming.
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@ashishjee2017, Thanks for stopping by. Yesterday's PMModi's speech gave the stimulus to the market, we are witnessing now. This is one of the main reason we trend bullish again.
I hope i am convincing. 😀