Technical Pick – CESC
- CESC is finding support at 890 and resistance above 925.
- On Daily chart, CESC is showing breakout point above 925. Break and sustain above 925 will see nonstop rally in CESC till 960--975++ in days to come.
- As CESC is approaching its breakout level, its volume is also increasing which gives strength to the breakout and increases its reliability.
- Traders don’t go for aggressive or positional selling at all because trend looks positive and we expect rally to remain continue till 960--975+++mark in coming days. For positional trade, stop loss seeing below 890 on closing basis which in unlikely to breach in near terms.
Trading Recommendation
Buy CESC above 925 for the initial upside target of 960—975++ mark with stop loss below 890 on closing basis.
