CEAT - IH&S - SHORT TERM BUY

Dec 29, 2016

The stock had taken support on the lower end of the channel and has now made a inverted H&S pattern with a target of 1200. Stock may be bought around 1150-55 with a SL of 1135.

Jan 3, 2017

Note

The stock made a high of 1213 today and has broadly reached the target range. Going forward, until Nifty breaks above 8240-50, CEAT is likely to trade lower toward 1150-60. Sell on rallies..

Jan 14, 2017

Note

The stock had made rallies to 1235-38. If one had sold as recommended, must be having a good profit.