CESC LTD (Y21.P2.E1).Broadening wedge breakout

CESC LTD (Y21.P2.E1).Broadening wedge breakout


Hi Investors and traders,

I was looking to do some case studies for formations and trends for my online training and I came across this stock.
Hence while I was documenting from a TA perspective (chart below), I thought I also publish this and the potential opportunity based on the broadening wedge approach.
Its also for me to see where I get it right and wrong.

My thoughts:
Currently still some downward pressure;
Support at this level is strong for a number of factors; fib and pre existing TL.
If I was to trade this, I would be looking for a breakout from the resistance TL and depending on the level and candlestick, will decide my entrance.

If you benefit, all the better.

Please give me a tick or like for this post,


Regards,
S.SAri

Big Picture TA, a lot of it makes sense.
s3.tradingview.com/s...shots/g/gzVb44J4.png

Trade ativo:

Chart update
s3.tradingview.com/s...shots/z/ZQ8WoqyA.png