This is the daily and 4-hour timeframe chart of CESC.
The stock is moving within a well-defined parallel channel, with a support zone in the 160–163 range.
The Supertrend indicator is positive and suggests an additional support zone around 165–167.
CESC is forming a rising wedge pattern, and after the breakout, the stock has retested the pattern’s resistance, which may now act as support near the 165–167 zone.
If this support zone holds, we may see higher prices in CESC.
Thank you.
The stock is moving within a well-defined parallel channel, with a support zone in the 160–163 range.
The Supertrend indicator is positive and suggests an additional support zone around 165–167.
CESC is forming a rising wedge pattern, and after the breakout, the stock has retested the pattern’s resistance, which may now act as support near the 165–167 zone.
If this support zone holds, we may see higher prices in CESC.
Thank you.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.