dev_trader
Long

CEAT - Double Top? Good for long? Lets wait and watch

NSE:CEATLTD   CEAT LTD
62 views
1
On daily chart its been observed that CEAT is making double bottom @ levels of 1100-1120.
There is possibility it would bounce back and touch trendline @ 1230.

Long can be initiated in range 1150-1175
TP: 1230
SL: 1110 on day closing basis.

*Charts are shared for learning purpose*
Trade active
Trade active: Todays high made @ 1213.
Trade active
Trade active: Todays high made @ 1228
Trade closed: target reached: Target met on 11 Jan 2017. Gain 70 points.
Comment: Down Trendline shows its resistance at 1230 again. Its down by 20 points. Though we have closed this trade at long side with 70 points profit, keep observing CEAT how it react.
Comment: After touching the trendline resistance @ 1230, it again came back. Good to see.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out