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Ceat -T 1460, SL-1293, Cmp - 1341.
CEATLTD looks bearish for short term.
Sell Below: 1300 for targets -
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely ...
i am bearsih on the stock and would like to go short with proper stop loss and entry and exit levels /.
Short CEAT at CMP (1680)
Buy CEATLTD on breakout above 1725
Buy CEAT above 1720
CEATLTD is moving towards completing the BAT pattern.
A bit of resistance on the way though.
Script - CEAT
Pattern - Double Trend line
Breakout - on Long
Trend - Neutral
Position - Long
Entry - above 1725
Exit - 1805
Stop loss - 1670
CEAT has been trading in a channel since late 2014.
Please use this idea as a reference in addition to your analysis.
Though we can't call it as perfected inverted head & shoulders to a certain extent , for the purpose of trade setup it appears to be valid pattern. Here we are aiming at 1840's in Ceat but depending on price action around that zone we may have chance for shorts or another extended bull move. But let's finish off with head & shoulders (inv) first, then we will ...
Here is one setup just with Gann square, from Ceat chart you can see the resistance it has broken, so expecting move around 100 points approx. But let's see will it roll smooth or get punctured :)
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:
It is been observed that the price action breaks above the downward trending channel, indicating bulls charging up. It shall further move up from current level and every dip is a buy.
CMP - 1174.50
You can see the parallel channel and the support lines which date back to previous months.
Trade accordingly ,
I hope you like it.
Long Lower Shadow candlestick pattern and OI analysis also positive sign for Long.
Price - UP
Volume - UP ( +17 lks volume high compared with previous day traded volume)
OI - UP (+30 %)
Market - ** will update on trade day**
Buy abv - 1147
Target - 1167
Stop Loss - 1130
Reward Points - 20
Risk Points - 17
Price - UP
Volume - UP ( last 2 hrs )
OI - UP (+17%)
Market - (let see on 23/12/2016 - if nifty positive then will hit the targets)
Conclusion - Bullish
Strong Support - 1111 ( 3 rd times bounce from this support level )
MACD - Bullish crossover on bearish trend (below 0 level) but histogram likely to move above 0 level, its signal ...
Symmetric Triangle formation on CEAT and show bullish trend on MACD, STO & RSI.
Buy Above - 1286
Target 1 - 1298
Target 2 - 1311
Stop Loss - 1269
Reward Points - 25
Risk Points - 17
Short Ceat below 1246...
Target 1 - 1232
Target 2 - 1201
Stop Loss @ 1282