CEAT - Bearish Channel Breakout - Will uptrend continue ?

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Looking at the charts its been observed that CEAT has given bearish channel breakout with good volume . Also 38.2% level on Fib looks like good support. Will this sustain and touch 1360, if not broke below 1200 on closing basis? We will see.
Trade active: Today's close is above yesterday. Touched high @ 1342. Uptrend continues.
Trade closed: target reached: Target reach successfully.
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