The stock of cesc has been moving up gradually Since Mid-February this year. Every intermittent Dip has been limited and boght 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. Bell this, ₹ 162 is the next important support. A Possible Moving Average crossover on the daily chart also strengthens the bulish 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-level ₹ 167 initially. Trail the stop-level ₹ 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 a risk of loss in trading.)
Published on May 21, 2025