CESC LTDLong
CESC Short term target of 660 with RR 1:3
CESC consolidated well from 660-670 Zone of 9th June 2020. It is seen that the stock is taking support near 600 levels which also preserves the level of the strong bullish long day candle formation of 1st June 2020. Today, a green candle with decent volume is generated which closed above last 5 trading days closing price. Daily RSI level is at 52 which indicates to be a decent turnaround. A triangle formation is also visible at this level. A close below 595 negates the view.
For intraday view of 24th June 2020, last few trading days are mostly balanced low range days. Any open above 605, and driving higher towards 612-614 can be bought for a intraday move on a pull back with SL at days low. If first 15 mins forms a bearish candle breaking 605 and staying below, the intraday bullish view is negated.
Happy trading guys. Always calculate risk amount before entering a trade and have a strict SL. Cheers.
For intraday view of 24th June 2020, last few trading days are mostly balanced low range days. Any open above 605, and driving higher towards 612-614 can be bought for a intraday move on a pull back with SL at days low. If first 15 mins forms a bearish candle breaking 605 and staying below, the intraday bullish view is negated.
Happy trading guys. Always calculate risk amount before entering a trade and have a strict SL. Cheers.
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