Buy CESC above Rs 303: Sudarshan Sukhani

According to Sudarshan Sukhani of s2analytics.com if CESC trades above Rs 303 and gets sustained buying momentum there then go and buy the stock.

Sukhani told CNBC-TV18, "CESC has come at Rs 300, which is a strong resistance level and is on the verge of breaking out of that. My suggestion is do not blindly buy it at the open. If the slightest signs of strength come which means if it goes above yesterday’s close and gets sustained buying momentum there, go and buy it because that tells us that this breakout is occurring and that breakout is a swing trade not just an intraday or day trade. There is much more upside once it happens."
He further added, "So some context is important for traders, which means do not trade blindly - that is not a good idea anyway – however, it is worth buying once it goes above yesterday’s closes."
At 10:36 hrs CESC was quoting at Rs 302.20, down Rs 0.90, or 0.30 percent. It has touched an intraday high of Rs 306.65 and an intraday low of Rs 301.55. It was trading with volumes of 4,041 shares. In the previous trading session, the share closed up 0.63 percent or Rs 1.90 at Rs 303.10.