CESC Investment Idea for Long Term  

Observations

CESC Ltd is in the business of generation and distribution of electricity. on the chart we can clearly see stock pattern breakout wit very good it can go furthermore with the target of 190+ (21%) as per chart and technical analysis.

Technical Analysis & indicators 

Double Bottom

Day chart



News of the day

  1. KEC International received new orders totaling 1,025 crores in Indian rupees via its transmission and distribution and cables businesses, according to a press release filed with the Indian bourses on Wednesday. The contracts include a 765-kilovolt gas-insulated substation for Power Grid Corporation of India a 225 kV composite project in West Africa; supply of towers, hardware and poles in the Americas; and provision of various types of cables in India and overseas.
  2. Ola Electric two-wheeler company has just filed its received Sebi's approval to raise funds through initial public offerings (IPOs). In its draft red herring prospectus (DRHP), the EV maker has also revealed its plans to launch a number of motorcycles.
  3. Ashok Leyland Commercial vehicles manufacturer has opened a new dealership for its light commercial vehicles division in Madhya Pradesh, India, according to a company statement on Tuesday.

Educational Content

This stock analysis is designed for educational purposes and should not be taken as professional financial advice. Please carry out your own research or consult with a financial advisor before investing.

Thu Jun 27, 2024

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