CEAT LTD - Fresh breakout on Daily and Weekly charts
Updated
Entire tyre manufacturing companies are in good position.
This tyre manufacturing company has given a strong breakout on daily and weekly chart. Volume near the breakout is also increasing which is good sign. The stock is in blue sky zone hence, possible targets in the chart can be calculated using Fibonacci retrenchment tool.
Disclaimer: Stock shared is for educational purpose and does not contains any buy or sell recommedations.
This tyre manufacturing company has given a strong breakout on daily and weekly chart. Volume near the breakout is also increasing which is good sign. The stock is in blue sky zone hence, possible targets in the chart can be calculated using Fibonacci retrenchment tool.
Disclaimer: Stock shared is for educational purpose and does not contains any buy or sell recommedations.
Note
Stock is up by 12% after posting this
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