BKH - Massive Breakout and Hold Above ResistanceThe 6-Year Wait is Over 📈
Black Hills Corporation has finally cleared a massive horizontal resistance zone around $68.50 that has capped the price since 2019. This isn't just a breakout; it's a structural shift.
Multi-year Cup & Handle / Base completion.
Monthly candles closing strong above the prior ATH.
The previous ceiling at $68.50 now becomes the floor.
Utilitiessector
CESC Ltd. (NSE: CESC) - Weekly Chart AnalysisView: Bullish on confirmed breakout.
Bias: Positive momentum.
Strategy:
BUY: Above ₹178-180 (on weekly closing basis, confirming trendline and resistance breakout).
Targets (T):
T1: ₹195-200
T2: ₹210-220+
Stop-Loss (SL): ₹168 (on weekly closing basis).
Reasoning:
Attempting a breakout from a significant descending trendline.
Cleared horizontal resistance at ₹175.
Bullish crossover in moving averages with price above all MAs.
Strong RSI and supportive volume.
Potential for a major trend reversal.
Note: This is an educational analysis and not financial advice. Do your own due diligence before investing.

