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Deepak_dc93
Oct 25, 2020 4:31 AM

LONG BUY signal CESC , Rectangle pattern , Trading is all about  

NSE:CESC1D
CESCNSE

Description

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I 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 .

Entry - 561
Target - 692
Stop loss - 534
Trend AnalysisChart PatternsSupport and ResistanceStocksstockmarketanalysisstocksignalsstockstradingstockstobuystockstowatchEquityNIFTYCESC
Comments
innocentCake26408
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Is the trade still active ?Planning to buy again a lot of 1000 shares what would your advice be...
Deepak_dc93
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@innocentCake26408, Yes sir the trade is still active , its a high probability trade it may reach 670 levels
innocentCake26408
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@Deepak_dc93, thanks a lot for the reply ...
Deepak_dc93
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@innocentCake26408, I hope my idea made u nice profit
innocentCake26408
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@Deepak_dc93, Absolutely I made a decent intraday profit :),now will it be wise to wait ...for further profits :) ...???
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