koolshanin

CEAT Trendline Trading. big trade coming up ?

Short
NSE:CEATLTD   CEAT LTD
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 support.

Any move below 1225 can drag CEAT to 1110 zones and sl can be outside the upper trendline on clbs (closing basis).
risk reward of the trade is good , more than 2:1.

CEAT is a stock to watch if nifty goes down.