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The stock of CESC has been moving up gradually since mid-February this year. Every intermittent dip has been limited and bought very well. The stock has risen over 5 per cent so far this week.
This rise has taken the share price well above the 200-Day Moving Average (DMA), currently at ₹169.50. Below this, ₹162 is the next important support. A possible moving average crossover on the daily chart also strengthens the bullish case. CESC’s share price can rise to ₹182 in a week or two.
Traders can buy CESC now at ₹174. Accumulate on dips at ₹170. Keep the stop-loss at ₹167 initially. Trail the stop-loss up to ₹177 when the price goes up to ₹179. Move the stop-loss further up to ₹179 when the price touches ₹181. Exit the longs at ₹182.
Video Credit: Businessline
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Published on May 21, 2025
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