Ceat - LONG

Dec 22, 2016

OI Analysis:
Price - UP
Volume - UP ( last 2 hrs )
OI - UP (+17%)
Market - (let see on 23/12/2016 - if nifty positive then will hit the targets)
Conclusion - Bullish

Strong Support - 1111 ( 3 rd times bounce from this support level )
MACD - Bullish crossover on bearish trend (below 0 level) but histogram likely to move above 0 level, its signal for bullish on bearish trend. (1 hr chart)

Trade:
Buy above - 1142
Target 1 - 1154
Target 2 - 1163
Stop Loss - 1131

Reward Points - 21
Risk Points - 11

Dec 23, 2016

Note

OI Analysis :
Market - not positive.
so still not active.

Dec 23, 2016

Trade active

OI Analysis:
Market - UP
Complete bullish signal on this Analysis.

Dec 23, 2016

Trade closed: stop reached

Dec 23, 2016

Note

ceat trying to go up but nifty on reverse gear..!!!

Dec 23, 2016

Note

now ceat moving up with nifty...

Dec 23, 2016

Note

ceat nicely made 1153.80 high...

Dec 23, 2016

Note

i hope my OI analysis were not wrong...! only thing entry and exit, need to be at right time... will be correct from next time....

Dec 23, 2016

Note

ooh god. ceat almost made 1159.35 high...