dravya

CEAT - PARALLEL CHANNEL + SUPPORT LINES

BSE:CEATLTD   CEAT LTD.
NSE:CEATLTD            

CMP - 1174.50

You can see the parallel channel and the support lines which date back to previous months.

Trade accordingly ,

Thanks,
I hope you like it.
Comment: Faced resistance from upper line.
Another good trade set up and did few trades based on this trade set up.
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dravya Subra1953
@Subra1953, that's nice if it helped you make money.
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Yes, it is good to sell .
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dravya AMBRISH
@AMBRISH, now the risk:reward ratio is lesser attractive. it was best on the lines.
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looks like a good shorting candidate.with a strict sl of 1250. Target 1120
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dravya satishshetty6173
@satishshetty6173, rather than fixed prices, vary them according to time they take , and subsequently reach the lines. Thanks.
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dravya satishshetty6173
@satishshetty6173, nearing 1120.
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