The stock $CESC is currently trading at 168.81, showing a positive movement of +2.63% today. After a strong rally that pushed the price up to the 200–205 range in early May the stock has been in a steady downtrend and is currently going through a correction phase. Immediate Support 160–165 the stock is currently trying to build a base near the 165 level. Looking at the historical price action, this 160–165 zone is a crucial area. If the price successfully stays above this it indicates that buyers are stepping in to defend the stock. Major Support 140 if the immediate 160 support breaks with high selling pressure the next major historical support is found much lower near 140 where the stock previously bounced strongly in February. Immediate Resistance 175–180 for the stock to prove it is back in a strong uptrend it needs to cross and close above the 175–180 zone. For short-term buyers the stock is currently trading at a crucial make-or-break support zone between 160 and 165 offering a potential buying opportunity with a strict stop-loss just below 160 to manage risk. If the price manages to hold this level and bounces back short-term targets can be expected around the immediate resistance level of 175 to 180. For current holders there is no immediate reason to panic as long as the stock remains above the 160 level.

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