ShahulABCT

CESC : WEEKLY BREAKOUT OF PARALLEL CHANNEL

Long
CESC (NSE:CESC)  
NSE:CESC   CESC
CESC has been consolidating in a parallel channel for the last few months and has made few attempts to breakout of it but failed to do so, however it is once again trying to breakout of the channel and has volumes to support the up-move this time around.

Wait for a decisive close above 700 on weekly charts which will establish the up-move and can take the stock to higher levels of 750/800/850 in the coming 16 - 24 weeks.

Ideas shared are for educational purpose only.
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