CESC Stock ( A Value stock within its Value ?)
CESC Stock ( A Value stock within its Value ?)
Stock Support at 570-575 Levels
Stock is at Major Support level and if continues to hold this support level then another move can come up to 660 Levels
Formation of rectangle pattern and the stock is trading at lower bottom of the rectangle
If Support breaks then stock will move till 500 Levels which is unlikely
Stock is Trading at exact 100% retracement level which is again at support level of 570-575
Fibonacci retracement
100 % Retracement ; 576
61.8% retracement Upper - 633
78.60% retracement level upper ; 648.55
RSI; RSI is at 40 at 14 day which is also strength showing in Long Moves
Momentum in last 10 days is also showing improvement towards upper side right now 7.40 Points which is less also which is closer to Support
Levels
Donachian Level Lower Level 570 which is stock is trading at current levels , Basis 587 if breaks can go long upto 605
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Pls consult your financial advisor before investing in any of the financial instruments.
Comment: (Finally if you liked the Idea pls provide likes and comments and pls provide suggestion if you something dont like about the idea )
Stock Support at 570-575 Levels
Stock is at Major Support level and if continues to hold this support level then another move can come up to 660 Levels
Formation of rectangle pattern and the stock is trading at lower bottom of the rectangle
If Support breaks then stock will move till 500 Levels which is unlikely
Stock is Trading at exact 100% retracement level which is again at support level of 570-575
Fibonacci retracement
100 % Retracement ; 576
61.8% retracement Upper - 633
78.60% retracement level upper ; 648.55
RSI; RSI is at 40 at 14 day which is also strength showing in Long Moves
Momentum in last 10 days is also showing improvement towards upper side right now 7.40 Points which is less also which is closer to Support
Levels
Donachian Level Lower Level 570 which is stock is trading at current levels , Basis 587 if breaks can go long upto 605
Disclaimer
-----------------------------
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
----------------------------------------------------------------------------------------------------------------------------
Pls consult your financial advisor before investing in any of the financial instruments.
Comment: (Finally if you liked the Idea pls provide likes and comments and pls provide suggestion if you something dont like about the idea )
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.