CEAT approaching bearish channel support

Updated
CEAT Ltd. has been trading in down trend and in a channel, it seem to trade in further down trend with a target of 1160 first and if broken 1072 next target the crucial 50% fibo level.Traders may enter short in CEAT with target 1160 in near term.
Trade active
STAY SHORT CEAT LTD TILL TARGET
Trade closed: target reached
target achieved 1072, go long from here
CEATLTD

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