CESC Limited (CESC) Stock - Complete Technical Analysis - Sep 06, 2024

CESC Limited Stock Analysis: Key Support

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

CESC Limited (CESC) is currently trading at 188, showing a price that is 10.51% below its 52-week high of 210 and 128.35% above its 52-week low of 82.

Technical Indicators Analysis:

Support and Resistance Levels:

Immediate Support: The stock has a key support level around 182, where it has previously shown resilience.

Immediate Resistance: The resistance level to watch is around 192, with potential for further testing at higher levels.

Moving Averages:

Short-Term: The stock is currently below the 10-day EMA of 192.73 and the 20-day EMA of 188.87, indicating a potential bearish trend in the short term.

Medium to Long-Term: The 50-day EMA at 178.17 and the 100-day EMA at 164.94 suggest a bullish trend over the medium to long term, as the stock price is above these averages.

MACD: The MACD level is currently positive, indicating a bullish trend, but watch for any potential crossover signals.

RSI (Relative Strength Index): The RSI is at 51.7, suggesting the stock is neither overbought nor oversold. It is in a neutral zone, which may indicate a potential for further price movement.

ADX (Average Directional Index): The ADX is at 21.88, which indicates a moderately strong trend, suggesting the stock is trending but not strongly.

Stochastic Indicators:

The Stochastic %K is at 53.35, showing a neutral position in the market.

Stochastic RSI Fast is at 20.89, indicating the stock might be in an oversold condition.

Ichimoku Base Line: The Ichimoku Base Line is at 188.38, which aligns closely with the current trading price, suggesting a key support level.

Pivot Points:

Classic Pivot Point: 190.26.

Camarilla Pivot Point: 190.26, with resistance and support levels slightly above and below this point.

Chart Patterns and Observations:

The stock is trading close to its Ichimoku Base Line and Classic Pivot Point, which might serve as crucial support levels. If the stock price breaks below these levels, it could indicate further downside risk.

The Exponential and Simple Moving Averages are showing a mixed trend, with short-term averages indicating potential resistance around current levels.

Overall, the technical indicators suggest a mixed outlook for CESC Limited. While the stock shows some bullish signs in longer-term moving averages and MACD, short-term indicators like moving averages and stochastic signals suggest caution. Traders should watch key support levels around 182 and resistance around 192 for potential trading opportunities.