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onerighttrade
Jul 14, 2021 3:14 AM

FY21-22 Swing Trade Idea #127: Long on CEATLTD Long

CEAT LTDNSE

Description

This is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.

Trade active

Got entry, Trade is active

Trade closed: stop reached

SL hit, out of trade with a loss
Comments
kindPaella69567
Would you please explain how did you decide the target ?
onerighttrade
@kindPaella69567, lot of parameters and lot of ways, there is nothing called perfect way and every stock is different.
For this stock, it is the swing high before the big breakdown. just extend the target line and see where it touches previous price action area
kindPaella69567
@onerighttrade, I tried doing that but could not get the exact pattern with previous prices hence asked. It’s okay. I understand that very difficult to provide target in case of breakout.
abhigautam404070
@kindPaella69567 try to join as many points you can

also as you can see there is 1 year support. there is also another parallel support going on.. just extend it.. you will get your 1st target..

sl and targets can vary it doesn't need to be a particular number.. if you are unclear it always better to take a zone..
onerighttrade
abhigautam404070
*parallel resistance
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