⚡ CESC LTD – Trendline Breakout on Weekly Chart
Chart Type: Weekly (1W)
CMP: ₹184.65
Breakout Zone: ₹180–₹185
Next Target: ₹212
Support Zone: ₹165–₹170
📊 Technical View:
CESC has broken out of a long-term falling trendline with strong bullish candles and volume pickup.
MACD bullish crossover confirms trend reversal momentum.
RSI turning upward from mid-level supports renewed strength.
Sustained close above ₹185 will confirm a structural breakout after long consolidation.
🎯 Trade Plan
Action Level Comment
Entry ₹185–₹188 On weekly close above ₹185
Stoploss ₹165 Below recent swing low
Target 1 ₹200 First resistance zone
Target 2 ₹212 Positional target
Target 3 ₹235+ If momentum sustains
⚙️ Setup Type:
✅ Positional / Swing Trade
⏰ Holding Period: 4–6 Weeks
📈 Risk–Reward: ~1:2
🔮 Arthavidhi View:
CESC has ended its downtrend and is entering a new bullish phase with confirmation from MACD and RSI. Power sector momentum may further fuel this move toward ₹212+. Watch weekly close above ₹185 for confirmation
Chart Type: Weekly (1W)
CMP: ₹184.65
Breakout Zone: ₹180–₹185
Next Target: ₹212
Support Zone: ₹165–₹170
📊 Technical View:
CESC has broken out of a long-term falling trendline with strong bullish candles and volume pickup.
MACD bullish crossover confirms trend reversal momentum.
RSI turning upward from mid-level supports renewed strength.
Sustained close above ₹185 will confirm a structural breakout after long consolidation.
🎯 Trade Plan
Action Level Comment
Entry ₹185–₹188 On weekly close above ₹185
Stoploss ₹165 Below recent swing low
Target 1 ₹200 First resistance zone
Target 2 ₹212 Positional target
Target 3 ₹235+ If momentum sustains
⚙️ Setup Type:
✅ Positional / Swing Trade
⏰ Holding Period: 4–6 Weeks
📈 Risk–Reward: ~1:2
🔮 Arthavidhi View:
CESC has ended its downtrend and is entering a new bullish phase with confirmation from MACD and RSI. Power sector momentum may further fuel this move toward ₹212+. Watch weekly close above ₹185 for confirmation
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.