nextgen

CEAT approaching bearish channel support

Short
NSE:CEATLTD   CEAT LTD
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