CESC LTD
- As per previous report published on CESC LTD, stock was trading in overbought zone, as sign of caution was given around 765 levels, after that stock made a high of 785 and got corrected, we have witnessed selling from 785 to 605 levels. (Click here to see previous report published in CESC LTD).
- Now daily chart indicates that stock is moving up from 50% fibonacci retracement and 3 line of fibonacci fan, this indicates as long as stock trades above it will favor bulls.
- As per graph no 2 stock is holding its 100 day moving average , by looking at then chart closely it shows that from last four time stock touched its 100 DMA and bounced back, even this time also stock touched 100 DMA and bouncing, so as long as trades above bull will bee favored. Close Watch.
- Suggested Reading - BPCL is moving in as range bound zone , sharp move expecting once stock come out.
- As per graph no 3 stock is facing strong golden ratio resistance around 714, once stock closes above 714 and stays above then bulls will get active as we can see some action for next 1-2 trading days.
- Intraday close watch once stock starts trading above 714, if stays above in day trading then intraday action is expecting.
- Click here to see all the free trading reports (tips) published by us on CESC LTD.
- Stock tips for tomorrow
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