Cup and Handle Pattern - Breakout from cup and handle pattern. Weekly chart and this is just for my personal study purpose and no recommendation for buy or sell.
Stock has been under some buzz lately and the volume and price action seems to be strong. Already 12mn volume inside first 2 hrs of trade which is more than last few sessions.
Multi year charts screams a buy? but is it a buy really.
Monthly closing above 100 would be massive boost.
Any monthly close below the trendline is a weak sign
CESC Ltd had strong levels support 120 and 145.
Disclaimer: Remember I am not SEBI registered analysist. It is not a buy or sell remmandation, it is only for educational purpose
CESC
1) Time Frame - Monthly.
2) Previous ALL TIME HIGH breakout in monthly with good volume.
3) Stock will find an Immediate resistance around the price 142.80 / Retrace and breakout further in the upcoming days.
4) Recommendation - Quite risky but still it is a Good buy.
CESC 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...
Please add CESC Ltd. to your watchlist as there is a potential monthly breakout that is happening after 15 years! There is a huge upside potential if the breakout happens this month (December 2023)
The CESC has given breakout after a long time
the stock moved 15 rs in two days and now consolidating on a range of all time high. a good support of 200 and 100 EMA
let's check what happens on this monthly channel, in the price range of 108 to 115 is good buy
For education purposes only, invest at your own risk.
CESC is showing good volumes at BO and a beautiful cup and handle pattern has also formed prior to BO. Seeing volumes, this is one of the ones to keep an eye out for.
daily chart of cesc....today it spllitted
one share into 10 share.
yesterday closing was 880 today high so for 96.90,
(i.e 969 ..almost 10% up) cmp 92.90..
looks like this may be accumulated by very long term investor
with every decline if come.
decide on ur own
Checkout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
![CESC: CESC BO [Weekly]](https://s3.tradingview.com/f/fxwyn6ep_mid.png "CESC BO [Weekly]")
