CESC is getting ready for big move!Hey Family, there is a one more stock Which is showing a great opportunity.
Key Points:-
* Formation of Ascending triangle Pattern in Daily TF.
* From Jul 2024 to Aug 2024 Moving in a range.
* From Jul 2024 to Aug 2024 Tested & Moving Near Resistance zone.
* It's near resistance Zone and trying to break Resistance Zone with good volume.
* Volume Accumulation (Volume is Rising).
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CESC
CESC : Momentum Stock
📍#CESC : #Momentum Stock
>> Range Breakout & Retest Done
>> Trending Setup
>> Good Strength & Volume
>> Low Valuation Stock
Swing Traders can lock 10% profit & keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
CESC - Cup and Handle BreakoutCESC Limited is an integrated electrical utility and holding company. The Company is engaged in the generation and distribution of electricity across approximately 570 square kilometers of licensed area in Kolkata and Howrah, West Bengal.
TTM EPS: 10.92
TTM PE: 8.99
P/B: 1.20
Face Value: 1
Mkt Cap (Rs. Cr.): 13,017
Dividend Yield: 4.58
Sector PE 17.62
Book Value Per Share: 82.30
Positives:
Strong Momentum: Price above short, medium and long-term moving averages
New 52-week high today
Increasing Revenue every quarter for the past 2 quarters
Company with Zero Promoter Pledge
FII / FPI or Institutions increasing their shareholding
Negatives:
MFs decreased their shareholding last quarter
Inefficient use of capital to generate profits - RoCE declining in the last 2 years
Inefficient use of shareholder funds - ROE declining in the last 2 years
Inefficient use of assets to generate profits - ROA declining in the last 2 years
Poor cash generated from core business - Declining Cash Flow from Operations for last 2 years
Declining Net Cash Flow: Companies not able to generate net cash
NOT A RECOMMENDATION. JUST FOR EDUCATION PURPOSE. Thanks
Swingtrade in CESC.Over the past 14 years, the price has been moving within a rectangular channel pattern. It goes up and then comes back down to a support level, creating a significant demand and supply zone.
Currently price trading at 25% down from its all time peek. As visible price has formed another parallel channel pattern inside the bigger pattern. It seems all set to give a breakout in daily timeframe.
If the price breaks out with high trading volume and stays above the line, it's a good signal to start trading. We can go long (buy) and aim for at least a 18% gain from our entry point.
Buy- 79
Targets- 94, 96.5
Stoploss- 74
Please note I am not SEBI registered. Do consult with your Finance adviser before investing.
#SwingTrading #technicalAnalysis
#HAVELLS CMP 1046.70 Target 1216(15+%) #banknifty #nifty #equity#HAVELLS
NSE: HAVELLS
CMP 1046.70
Target 1: 1215+
SL 999
Time Frame < 2 months
Can hold the stock after booking at 1215> might rally ahead.
Factors:
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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With 💚 from Rachit Sethia