Cesc gave 1 Year old trend line breakout,
Possible target
1) 745
2) 850
Buy above 700
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Comment Down Below
Educational Purpose Only.
Hi Investors,
CESC is breakout out of last 100 days' descending trendline along with 400 days' descending trendline. Breakout with volume can bring price to its 52Week high. Rest is mentioned in the above chart.
I hope you will benefit from this knowledge
-MetaVish
FAKE BREAKOUT IDENTIFIED IN RED CIRCLE AROUND 668 LEVELS
A FAKE BREAKOUT IS MORE DANGEROUS THAN A SUCCESSFUL BREAKOUT
STOCK CAN REACH NEXT TWO TARGETED BLACK LINES
PLAN TRADE ACCORDINGLY
ALL THE LEVELS ARE MARKED ON CHART, RED ZONES DENOTES SUPPLY ZONES AND GREEN IS FOR DEMAND ZONE. BLACK LINES ARE MINI POINTS ;)
PRICE LOOKS STRONG, CLOSED ABOVE 20 & 50 DAILY EMA DENOTED BY BLACK & GREY IN 3 HRS TIMEFRAME.
The indicator used:
1) Daily Lines plots Daily 20 & 50 EMA on lower time frame charts
2) TE-REKAB
- PB : PULLBACK
If you like the analysis,...
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...
NSE:CESC
Hi Traders,
CESC is looking good for buy.
Entry and target level on chart.
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This would give us ...
Price forming strong bullish candle right on the resistance level, closed just below the resistance level. If at all price falls back to the trend line then it would be a good buy with small stop loss, else go with the flow after breaking 680 levels go long for 735 as your target.
