CEAT in a crucial stage

CEAT is currently at a crucial stage where its facing a resistance from an old trendline and support by a channel
Please take your decisions based on the direction of breakout (at your own risk) :P

Here is the bigger picture on daily chart:
Comment: CEAT broke the old trendline and made big move upwards with a high of 1588.
Congratulations to all those who made good profits. This chart still holds good as the channel pattern is still valid with old trendline acting as support.