CESC VIEWCESC
CMP 1046
The stock will see demerger of shares and will be divided into 4 verticals in October viz:-
- power genreation
- power distribution
- retail
- others
Now coming back to charts
On weekly charts the stock has given a nice breakout and the stock may be heading towards 1160-1200 zone
Immediate Support at 1023-1030
Stronger support at 996-1003 levels
Hope it helps to Plan your trade accordingly... :-)
Tc and safe trading...!!!
Short-term
WOCKPHARMA LONGhi,
WOCKPHARMA, We got crossover confirmation in buying zone, even though a beautiful triangle and looks soon to be breakout with heavy volume, once it break and sustain and close above or near to 622-625 range, we can buy for short term or long term period for target 650 - 655 range & 700 range.
JetAirways Long Short Term Although the stock is in down trend and even in the bull market it is making lower low but a short term long trade is possible on the basis of today's Bar which offers good risk to reward ratio. One can buy the stock for a target of 400-410 providing the stop loss of low of today on closing basis.
ITC strong shorting candidateITC always suffers due to budget. Increased taxation on cigarettes is expected this budget, as every other budget.
ITC also has tested resistance again. And a powerful bearish piercing pattern with above average volume.
Short futures or buy cheaply ppriced OTM puts for quick profits after budget.
NIFTY - SHORT TERM LEVELSNSE:NIFTY
for short-term positional and day traders.
Blue-Line and Red-Line important on higher TFs too. They are connected from much behind.
Yellow is the short-term channel.
Green-Line is the intermediate support.
Watch how it plays out and look for opportunities.
Comments and views are welcomed.
Thank you.