The chart of CESC is beginning to show signs of a turnaround with various factors indicating that it could be the right time.
The price bars have already crossed-over from the lower Bollinger band to the upper band. The only sign that remains to be shown by charts is the bars to touch the upper axis. That should happen in 2-3 days if it happens to be an uptrend
The other sign of a buy comes from the analysis of Directional indicators. Although the ADX has fallen below 10, but thats because there has not been any trend and the stock has seen continuous whipsaws. The positive directional indicator is crossing over the negative directional indicator.
Once both the signs viz., the conclusive crossover of +DI happens over the -DI; and the price bars touch the upper axis of Bollinger Band, then it should be a good place to get in. Lets wait & watch, how it behaves
Disclaimer: These are my personal views & readers are free to comments.
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