Ommiee4141

5th wave trade of CEAT

Long
NSE:CEATLTD   CEAT LTD
You can observe the 9 and 200 ema cross over and price pattern has well developed into incline channel. You can also see the 5th wave transition, that is likely end within a channel only. The safest entry will be above 1210, target should be 1430-1440. Keep the stop loss at 200ema.

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