Price and trend forecast of CESC for Tomorrow, Weekly, Monthly
CESC Limited
Symbol: NSE:CESC
ISIN: INE486A01021
192.97
As on 2024-10-17
CESC's Today's Performance
CESC Limited started the day by opening at 193.00 today 2024-10-17. Its shares reached a high of 193.78 and dipped to a low of 190.21 in intraday. When the markets closed, CESC’s stock price settled at ₹192.97 per share. Also check out its key support and resistance levels.
CESC Buy/Sell Targets
Tomorrow, sell CESC when its price reaches ₹ 192.97 with a stop-loss order at ₹ 195.82. You can set the target price as ₹ 190.12 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.
In the sections below, we will discuss detailed share price target of CESC for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.
Important Down levels for CESC
| Downside Targets | Value in ₹ |
|---|---|
| Tomorrow Down Target 1 | 194 |
| Tomorrow Down Target 2 | 196 |
| Tomorrow Down Target 3 | 198 |
Important Levels for CESC
| Holding Levels | Value in ₹ |
|---|---|
| Tomorrow Up Target 1 | 191 |
| Tomorrow Up Target 2 | 189 |
| Tomorrow Up Target 3 | 187 |
Based on where the stock opens tomorrow, if CESC opens on a positive note, our first target will be ₹194. If Target 1 is achieved, we will aim for Target 2 which is ₹196.
But if CESC falls below the average value of ₹192.32, you can enter a sell side position with target number 1 - ₹191 and second target - ₹189 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.
Daily Volume chart of CESC
Looking at CESC, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.
In terms of its price, CESC has been on a Upward path, giving us insights how its value changes in the market.
Based on this, the predicted sentiment for CESC is moderate bullish.
Tomorrow's Volume based share price Forecast for CESC
CESC's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 14%.
Reversal detection for CESC
CESC may trend may continue to be bearish since stock is making lower low and we can get target of ₹194 in morning tomorrow
| Target 1 tomorrow | 194 |
| Target 2 tomorrow | 195 |
| Target 3 tomorrow | 196 |
Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.
Combine this trend forecast with CESC's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.
Based on where the stock opens tomorrow, if CESC opens on a positive note, our first target will be ₹194.43. If Target 1 is achieved, we will aim for Target 2 which is ₹195.89.
But if CESC falls below the average value of ₹192.32, you can enter a sell side position with target number 1 - ₹190.86 and second target - ₹188.75
CESC's Weekly Targets
| 1st Up Target | 199.12 |
| 2nd Up Target | 205.26 |
| 1st Down Target | 185.10 |
| 2nd Down Target | 177.22 |
As the week for CESC ended on bullish sentiments, we can expect further continuation of this sentiment. CESC's initial target will be 199.12 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 185.10 in the upcoming week.
Weekly OHLC Values
| Open | 185.60 |
| High | 197.39 |
| Low | 183.37 |
| Close | 192.97 |
Week for CESC started with an open price of 185.60, and the close was at 192.97. CESC reached the highest of 197.39 and dipped lowest up to 183.37 last week. This indicates a bullish sentiment for the week.
CESC full month swing targets
| Monthly Up Target 1 | 213.14 |
| Monthly Up Target 2 | 219.28 |
| Monthly Down Target 1 | 171.08 |
| Monthly Down Target 2 | 149.18 |
Targets of ₹213.14 can be expected to be reached in the coming month. Once CESC achieved this target, we can aim for the next upside target of ₹219.28.
CESC if fails to hold upside, down targets of ₹171.08 and ₹149.18 can be achieved by end of this month.
For complete three weeks if CESC is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.
Related Stocks in the Same Sector as CESC
| Symbol | Name | Industry |
|---|---|---|
| NTPC | NTPC Limited | Utilities - Regulated Electric |
| ADANIGREEN | Adani Green Energy Limited | Utilities - Renewable |
| POWERGRID | Power Grid Corporation of India Limited | Utilities - Regulated Electric |
| ADANIPOWER | Adani Power Limited | Utilities - Independent Power Producers |
| TATAPOWER | Tata Power Company Limited | Utilities - Independent Power Producers |
Summary
CESC is expected to reach the target of 194.43 in tomorrow's trading session.
After achieving the initial target in CESC, we will aim for higher targets of 195.89 tomorrow.
However, if CESC starts to trade below ₹192.32, then we will shift our focus to the sell side and aim for down targets of 190.86 and 188.75.