CEAT in an 'uptrend' after breakout from Descending Channel

CEAT reached a high of 2019 in Jan'18 and had been falling in a channel. It attempted breaking out of the channel in Nov '22 but failed. However, subsequently it broke out of the channel in May '23 successfully rising from a low of 1512 to an All Time High of 2642. Following, which the scrip faced a correction and is now consolidating near the support zone 1948 - 2055.

This is the right time to start accumulating this fundamentally strong scrip with tremendous growth potential.

Upside Potential: 77%
Stop Loss: 1780

Comment:

Moving as expected. Generated 10% return within 20 days.

Comment:

Target 1 achieved on 20th Jan'24...
42.5% return(touched high of 2998) in 59 days !!!!