Ceat have took very strong support on the 1 yr trendline with good volumes.
Also formed bullish engulfing at support.
Today's volume is highest since 4th Feb 2021.
It has also given short term breakout.
The R1 is resistance on Daily timeframe and weekly timeframe too(Aug 2018 candles).
Let's see how it moves further.
I'm not a professional or very experienced trader.
I'm still in learning phase. This is what I have got while doing analysis of stocks.
This post is for information purpose only.
Also formed bullish engulfing at support.
Today's volume is highest since 4th Feb 2021.
It has also given short term breakout.
The R1 is resistance on Daily timeframe and weekly timeframe too(Aug 2018 candles).
Let's see how it moves further.
I'm not a professional or very experienced trader.
I'm still in learning phase. This is what I have got while doing analysis of stocks.
This post is for information purpose only.
As I mentioned R1 is strong resistance on Weekly TF.
This stock needs a very strong momentum to break and sustain above R1 levels.