RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CESC.NS
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Volatile ride for CESC Limited stock price on Thursday moving between ₹118.30 and ₹132.00
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The CESC Limited stock price fell by -0.369% on the last day (Thursday, 28th Mar 2024) from ₹122.10 to ₹121.65. During the last trading day the stock fluctuated 11.58% from a day low at ₹118.30 to a day high of ₹132.00. The price has fallen in 6 of the last 10 days but is still up by 8.18% over the past 2 weeks. Volume has increased on the last day by 3 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 million shares were bought and sold for approximately ₹1.25 billion.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.38% during the next 3 months and, with a 90% probability hold a price between ₹91.96 and ₹109.04 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CESC.NS Signals & Forecast

There are mixed signals in the stock today. The CESC Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹125.31. On a fall, the stock will find some support from the short-term average at ₹118.64. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 8.18%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for CESC Limited stock

CESC Limited finds support from accumulated volume at ₹120.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹13.70 between high and low, or 11.58%. For the last week, the stock has had daily average volatility of 5.79%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CESC.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect CESC Limited to open at ₹123.98, and during the day (based on 14 day Average True Range), to move between ₹115.73 and ₹127.57, which gives a possible trading interval of +/-₹5.92 (+/-4.87%) up or down from last closing price. If CESC Limited takes out the full calculated possible swing range there will be an estimated 9.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹120.55 (0.90%) than the resistance at ₹138.60 (13.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CESC Limited stock A Buy?

CESC Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.438 Sell Candidate Downgraded

Predicted Opening Price for CESC Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹123.98 ( 1.92%) ₹121.65

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for CESC.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 137.68 13.18 %
R2 132.45 8.88 %
R1 129.22 6.22 %
Current price: 121.65
Support S1 118.75 -2.38 %
S2 115.52 -5.04 %
S3 110.28 -9.34 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 143.15 17.67 %
R2 139.10 14.34 %
R1 138.60 13.93 %
Current price 121.65
Support S1 120.55 -0.90%
S2 119.95 -1.40%
S3 112.45 -7.56%

CESC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 01, 2024 Feb 01, 2024 Feb 18, 2024 ₹4.50 3.41%
2 Feb 24, 2023 Feb 24, 2023 Feb 24, 2023 ₹4.50 6.23%
3 Jan 24, 2022 Jan 24, 2022 Jan 24, 2022 ₹4.50 5.29%
4 Jan 22, 2021 Jan 22, 2021 Jan 22, 2021 ₹4.50 6.79%
5 Feb 06, 2020 Feb 18, 2020 Mar 12, 2020 ₹2.00 3.95%

FAQ

What is the symbol for CESC Limited Stock and on which exchange is it traded?
The symbol for CESC Limited is CESC.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell CESC Limited Stock?
CESC Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy CESC Limited Stock?
CESC Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy CESC Limited Stock.

What's the current price of CESC Limited Stock?
As of the end of day on the 2024-03-28, the price of an CESC Limited (CESC.NS) share was ₹121.65.

What is the 52-week high and low for CESC Limited Stock?
The 52-week high for CESC Limited Stock is ₹149.90 and the 52-week low is ₹62.80.

What is the market capitalization of CESC Limited Stock?
As of the 2024-03-28, the market capitalization of CESC Limited is 161.256B.

When is the next earnings date for CESC Limited?
The upcoming earnings date for CESC Limited is May 20, 2024.
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About CESC Limited

CESC Limited CESC Limited, an integrated electrical utility company, engages in the generation and distribution of electricity in India. It owns and operates three thermal power plants, including Budge Budge, Southern, and Titagarh generating stations generating 1125 megawatts (MW) of power; a thermal power project with a capacity of 600 MW in Haldia, West Bengal; two thermal power projects with a capacity of 600 MW in Chandrapur, Maharashtra and 40 MW atmosp... CESC.NS Profile

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