CESC trade ideas
#CESC CASH : LOOKS GOOD ABOVE 620.10#CESC CASH - DONT MISS IT
16.12.2020
LOOKS GOOD ABOVE 620.10
STOPLOSS 614
TARGET 626.50-627/634/648
(IF HOLDS 620 levels.. can go 648/700 also)
CMP 615.25
Watchout for Resistance breakoutThe stock is coming to test its resistance zone again and looks good above 610 level
CESC on a crucial support level.Excellent time to create fresh longs on dips. 592 will act as a crucial support. Target for longs will be 700. Keep SL of 520.
Cesc parallel channel and a expanding triangle channelwait for the right entry in parallel channel and triangle pattern
CESC - Falling wedge - will raise !!Price was expected to break the resistance in the month of September, as it is unable to close strong enough to sustain the break it falls and the bears took for a ride. Now price is at the support levels and consecutively making falling wedge pattern to raise. Hopefully it will break in the coming week to 608 levels.
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CESC 4Hr chart - made a triangle, expected to make a movement Please enter the trade once u get a proper breakout or reversal from the levels, Do not hesitate to contact me with any queries. Kindly support my views. Thanks
CESCFAKE 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
Inverse Head and ShouldersI have drawn the support line.
However, I am buying it right now.
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Resistance breakoutThe stock has reversed strongly from the lower channel and is now testing a major resistance. Looks good above 610 level
CESC Make Rectangle pattern CESC Make Rectangle pattern only required a high volume volume candle so that the pattern validate ready for up move.
Later i will update when to buy.
CESC LOOK OUT FOR THESE LEVELS!!! 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
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The analysis is my POV, hope you got bucks in your pocket to consult a financial advisor before investing :P :)
HAPPY TRADING!!
