CESC cmp 139.41 by Daily Chart viewCESC cmp 139.41 by Daily Chart view
- Bullish Cup and Handle with the Resistance Zone neckline
- Breakout sustained above 1st Falling Resistance Trendline
- Breakout attempts progress from 2nd Falling Resistance Trendline
- Resistance Zone at 138 to 141 Price Band getting ready for the breakout
- Daily basis Support at 129 > 119 > 109 with the Resistance at 149 > 159 > 169
Cescltd
Cesc double topMade double top at 209
broke trendline , broke 200 dma,
bearish triangle breakout
and retest or pullback to 200 dma is shorting opportunity
closing above 200 dma can be taken as SL
however rsi is little over sold ,short term might have pull back so pefer lower time frames to trade , usually triangle broader length would be target
Disclaimer- Just my view and opinion trade at your own risk not an investment advice these are only for educational purposes
CESC : MID term view- BullishIt breakout the channel and formed cup and handle pattern . All indicators are bullish Monthly MACD crossover may happen upcoming months. Share split also may approved on upcoming AGM. These parameters may help to reach the target levels.
Vijayaraghavan.K,
Kovilpatti, Tuticorin Dist.