CESC Ltd

CESC Ltd. (NSE: CESC) - Weekly Chart Analysis

152
View: Bullish on confirmed breakout.
Bias: Positive momentum.

Strategy:
BUY: Above ₹178-180 (on weekly closing basis, confirming trendline and resistance breakout).

Targets (T):

T1: ₹195-200

T2: ₹210-220+

Stop-Loss (SL): ₹168 (on weekly closing basis).

Reasoning:

Attempting a breakout from a significant descending trendline.

Cleared horizontal resistance at ₹175.

Bullish crossover in moving averages with price above all MAs.

Strong RSI and supportive volume.

Potential for a major trend reversal.

Note: This is an educational analysis and not financial advice. Do your own due diligence before investing.

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