Stocks when look on weekly and monthly charts seem to be better placed for studying breakouts or breakdown. But then risk of failing is also costly. I like to play long term plays showing promising picture by prices. In the quest, CESC looking a great candidate for breakout. But in present market conditions it may be under suspect. So trade wisely.
As chart is on long term timeframe, and breaching long term supply line is the second stride, as first it already completed on weekly charts showing HH-HL formation.
Try to make position slowly, and it will doubt if it falls below 300 levels.