Here's the Daily Chart
CESC broke out above 360 in October 2013 and since then stock has been firmly in uptrend. During its breakout move - stock twice dipped to 100 day ema and then rallied.
The stock in last few days has once again pulled back and seems to be holding 50 dma - trading Opportunity? Well Bulls can make an assumption with closing stop loss below 600.
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers