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/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
@RahulSarawagi
Connect us at optionlab.co.in/
Connect us at optionlab.co.in/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.