CESC trade ideas
CESC Cmp 794.15 dated 9.7.2021CESC Cmp 794.15 dated 9.7.2021
1. Flag Pattern on chart.
Buy for a tgt of 840-905-970 SL 750
It is just a view, pls trade at your own risk.
CESC LongCESC - 583, Long Consolidation period, Presently in Wycoff Cycle Stage 1, 8 attempts done earlier to BO the 200 DMA, BO likely soon
DON'T MISS THIS CHANNEL BREAKOUT+RETEST !CESC : It has formed channel pattern ( slightly ascending) for 400+ days and it gave breakout on 07 june 2021. The stock is now retesting its resistance line, if the retest is successful it can give a strong up move at least equal to the breadth of the channel . Feel free to share your views/feedback, also let me know in the comments if you liked my analysis on this stock.
broadening bottom breakout on weekly chartthis can reach to its all time high.
initial target 920-925
sl- around 700
time frame- weekly chart, hold for 3-4 months.
CESC IS MAKING HEAD &SHOULDER PATTERN.CESC IS MAKING HEAD &SHOULDER PATTERN WITH NEGATIVE DIVERGENCE (MACD).
#CESC CMP742.65 #Target 840+ #ModiSpeech #PMModi #Philipcarb #ITWeekly Chart
#CESC
NSE: CESC
Short Term Quick Profit
CMP 742.65
Target 1: 786
Target 2: 846
SL : 684
Timeframe < 90 Days
Can hold for longer time
ITS A BULL MARKET RALLY. Bullish on whole INDIA!
Corrections followed by another high!
Factors:
Inverted Head & Shoulder Pattern Forming
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
CESC - Strong Resistance Breakout PossibilityCESC :
Multiple Rejections - Strong Resistance
Long above 720 with a SL 700
CESC - Breakout Power Sector Play Long-term accumulation within a strong wedge. Bottom line of wedge re-tested 5 times.
Breakout on the upside followed by a retest, and gap-up opening today.
With easing out of lock-downs, re-opening of economy and increase in industrial production, BUY call within power sector.
Intraday opportunityBuy on the above side break out for tgt of 685-88.
(Buy@ 577.70 sl 571.45 )
Just a view better seek professional advice.
Rounding Bottom patternThe stock is making a rounding bottom pattern and looks good above 679 level for targets of 700 and 725
BreakoutCesc has given breakout from its resistance of 640₹. One can go long for the targets of 680.
CESCNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
