CESC - Chart of the Week

⚡ CESC LTD – Trendline Breakout on Weekly Chart

Chart Type: Weekly (1W)
CMP: ₹184.65
Breakout Zone: ₹180–₹185
Next Target: ₹212
Support Zone: ₹165–₹170

📊 Technical View:

CESC has broken out of a long-term falling trendline with strong bullish candles and volume pickup.

MACD bullish crossover confirms trend reversal momentum.

RSI turning upward from mid-level supports renewed strength.

Sustained close above ₹185 will confirm a structural breakout after long consolidation.

🎯 Trade Plan
Action Level Comment
Entry ₹185–₹188 On weekly close above ₹185
Stoploss ₹165 Below recent swing low
Target 1 ₹200 First resistance zone
Target 2 ₹212 Positional target
Target 3 ₹235+ If momentum sustains
⚙️ Setup Type:

✅ Positional / Swing Trade
⏰ Holding Period: 4–6 Weeks
📈 Risk–Reward: ~1:2

🔮 Arthavidhi View:

CESC has ended its downtrend and is entering a new bullish phase with confirmation from MACD and RSI. Power sector momentum may further fuel this move toward ₹212+. Watch weekly close above ₹185 for confirmation