The short-term outlook is bully for Cello World. The stock stay afloat this week when the broader markets are falling. The stock has a cluster of support in the ₹ 610-590 region. This support zone has been holding well this week, although the stock has been attempting to bounce over the last couple of days.
A moving average crossover on the daily chart also strengthens the bullish case. Cello World’s Share Price Can Rise to ₹ 680 in the Coming Weeks.
Traders can go long now ₹ 613. Accumulate on Dips at ₹ 608. Keep the stop-level ₹ 585. Trail the stop-level ₹ 625 as soon as the stock goes up to ₹ 635. Move the stop-Loss Further up to ₹ 640 and ₹ 650 when the price touches ₹ 650 and ₹ 660 Respectively. Exit the long positions at ₹ 670.
Video Credit: Businessline
(Note: the recommendations are based on technical analysis. There is a risk of loss in trading.)
Published on May 23, 2025