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mbhati
Sep 27, 2020 7:24 AM

H & S on a monthly chart. A big short.. Education

CEAT LTDNSE

Description

Long term portfolio holder might get a chance to exit at around 1020. Best to short at any level above 1000, SL 1100. I know that's a deep SL but if trade goes in favor then a good risk to reward.
If neckline broken at 690 then T1 = 500, T2 = 340.

I am not an advisor or a consultant. This is just for purely educational and a future reference purpose.

Comment

It made a high of 1063. Perfect area to exit for long term holders. These are not the good levels to enter into tyre industry stocks.
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