Swing Trade for Long Position Near Resistant
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If CESC Sustain above 93.05 and closes then there is a good chances of achieving the TG1 95.80-96 & TG2 98.35-98.70 with the stop Loss of 90.80-90.60 which ever is suitable according to you
And if you see Weekly Candle then it closed above 92.15 which is a good signal, My prediction is that if it breaks 93 then we will see a good move with in few days. even RSI looks good.
But The last candle formed on 14 jan is hammer and it a sign of trend reversal as well so dont get trapped.
Note: I Dont have mastery in technical analysis, do your own Analysis as well i am just sharing my view. I'm open to new ideas and flaws in my analysis, so please do comment and share your Views.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Thank You
And if you see Weekly Candle then it closed above 92.15 which is a good signal, My prediction is that if it breaks 93 then we will see a good move with in few days. even RSI looks good.
But The last candle formed on 14 jan is hammer and it a sign of trend reversal as well so dont get trapped.
Note: I Dont have mastery in technical analysis, do your own Analysis as well i am just sharing my view. I'm open to new ideas and flaws in my analysis, so please do comment and share your Views.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial adviser before taking any trade.
Thank You
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