CESC outlook

CESC - BUY - Target Price: 670, 730, 760

Elliot wave view: The stock is attempting an upside bounce of the last few day's range at Rs 620 -625 this week.

Further, the upside is likely to continue in the short term days.

wavesadvisory has observed a larger Triangle pattern completed in wave B structure, looks like a Zigzag Pattern is appearing in the stock labelled as (A-B-C) 5-3-5 Structure.

The overall chart pattern of CESC indicates long trading opportunities. Buying can be initiated in CESC at CMP (Rs 630), add more on dips down to Rs 595 level, wait for the upside target of Rs 670 to 700 in the next 5-7 weeks.

Wavesadvisory recommends keeping a Stop loss at 560 level

Disclaimer: Any of our investment or trades we share on our blog are provided for educational purposes only and do not constitute specific financial, trading or investment advice. The blog is intended to provide educational information only and does not attempt to give you advice that relates to your specific circumstances.

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