raj3elite

Ceat - LONG

Long
raj3elite Updated   
NSE:CEATLTD   CEAT LTD
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
Comment:
OI Analysis :
Market - not positive.
so still not active.
Trade active:
OI Analysis:
Market - UP
Complete bullish signal on this Analysis.
Trade closed: stop reached
Comment:
ceat trying to go up but nifty on reverse gear..!!!
Comment:
now ceat moving up with nifty...
Comment:
ceat nicely made 1153.80 high...
Comment:
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....
Comment:
ooh god. ceat almost made 1159.35 high...
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