balaji_damo
Long

CEAT - Long idea

NSE:CEATLTD   CEAT LTD
The stock has been trading in a channel for last few months and showing signs of breakout with volume .

RSI and STOCH indicates the same.

It is at resistance which is placed at 1850.

One can go long above 1850 with SL at 1820 for T1 - 1870 T2 - 1897.

Alternatively one can short - 1800 PE at 22.9 and 1900 CE at 22 for NOV series.
Comment: SL HIT

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