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balaji_damo
Jan 15, 2018 5:31 PM

CEAT - Short idea Short

CEAT LTDNSE

Description

Ceat is heading for a consolidation with a perfect symmetrical triangle.

Currently the support is at 1950 and resistance is at 2019.

One can go short at or below 1970 with SL at 1993 for T 1950.

Alternatively one can short 2100 CE at 13.5 and 1900 PE at 15.5 together for 10150 INR in 15 days.

Keep strict SL.

Trade closed: target reached

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