CESC trade ideas
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
Possible Breakout canditate from the Trading rangeCESC is in a trading range since the Rally from the rally of the April month was stopped at 670. It has made an attempt to break out from the Boxed range in the month of October was pushed back and now is making a new Higher low ( Too Early to call it an HL). But this setup along with momentum divergence is giving a very low-risk Long trading opportunity. I would prefer an SL of 590 with a holding period of a few weeks with an initial target of 680.
CESC ANALYSIS 11.10.2020BUY 621 TO 615
TARGET 646 TO 688
IT WILL TAKE SOME RETEST MOMENT SO WAIT FOR BETTER CONFORMATION.
LONGLONG around 625 to 630 for TGTS of 645-58-65-78-90++
With SL BELOW 614
Just a view better seek professional advice.
CESC Above 700The setup used is RS, if it crosses above 700 there is a probability of moving higher. It is getting ready for the 1st tranche of investment. As of now I believe if it crosses below 580. Will exit. I am still learning.
CESC : Trade SetupNSE:CESC
Hi Traders,
CESC is looking good for buy.
Entry and target level on chart.
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###Learn To Earn###
* This analysis is educational/learning purpose only.
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CESCCESC:- 680₹ key level for CESC 590₹ clbs for target seen 800₹++
#Disclaimer:-I just shared view for only educational purpose.
About to break 5 months of resistance 680.Price forming strong bullish candle right on the resistance level, closed just below the resistance level. If at all price falls back to the trend line then it would be a good buy with small stop loss, else go with the flow after breaking 680 levels go long for 735 as your target.
CESC has made an inverted head and shoulder patternThe stock gave a trendline BO today. Looks good above the resistance of 680 for a positional target of 748 and 785.
