CEAT recently is facing heat due to the Crude run, is currently trading inside a bull flag
with 2 trendline
rejection and 3 trendline
acceptance. Now, its near the upper Trendline
and also near a daily major bulls trendline
Any move below 1225 can drag CEAT to 1110 zones and sl can be outside the upper trendline
risk reward of the trade is good , more than 2:1.
CEAT is a stock to watch if nifty