(Short Term Cash)
October 14, 2016
CESC (NSE Cash)
594 - 598
5 - 10 Sessions
Source: Falcon (Chart Time: 09:35 IST)
This stock has given a stupendous rally after posting a new multi-year low of 404.55 during the month of
February 2016. The weekly chart structure still remains positive; but, on the lower degree (daily) chart, the
stock is giving some sings f weakness. We can see a formation of ‘Head and Shoulder’ pattern and a neckline
level of 600 has now been violated. In addition, the stock is convincingly trading below the ’89-EMA’ for the
first time in recent past.
Thus, considering these evidences, traders are advised to sell the stock at current levels
and on a bounce up to
598 for a target of
545 in next 5 - 10 sessions. The stop loss for the trade set-up can
be kept at
October 14, 2016
Last 6 recommendations
Recom. Buying/Selling Range CMP
910 - 905
504 - 500
23400 - 23350
1690 - 1680
133 - 131
735 - 730
Source: Angel Research
Research Team Tel: 022 - 4000 3600 (Extn. 6552) Website:
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