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 trade ideas
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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HAPPY TRADING!!
LONG BUY signal CESC , Rectangle pattern , Trading is all about I will go LONG on CESC because:
1) The price is forming a Chanel or Rectangle Pattern .
2) The price also broke the trend line .
3) The price is also under Support/Resistance zone.
4) It has touched the support (lower end of rectangle ) and may reach the resistance zone (upper end of rectangle ) .
5) Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 561
Target - 692
Stop loss - 534
