trading in support zone ceat trading in support zone , 1150---1280 is strong support zone on weekly chart
possible target 2000
Ceat
CEAT, BUY CEAT stock looks good to move towards TP 1380/1400/1420
R:R = GOOD at current Level - 1190/1200
SL - 1130
Disclaimer - I have Holding in CEAT
Please ask to best financial service provider before investment / own decision
NOCIL consolidation breakout nocil : after 3 month consolidation
stock SEEM to set for a QUICK run
to 170 /175 area
stop loss 134/137 area seem safe
after it sustain there
it is possible to kiss 190 area tooo
to cross 200 , ideally should take some consolidation
CEAT TRENDLINE BREAKOUT WITH VOLUME SUPPORTEDCeat broke its long consolidation zone in previos session with volume, Buying should only be recommended when price retraces to 918-920 for good R:R for the first target of 965-970 wsl 886
Ceat_Short for target of 840Date: 22 June 2020
CEAT CMP 935.50
Rising Wedge pattern can be seen in Ceat. Price has broken down the rising wedge pattern. Also stock is approaching down towards 200 DEMA. Stock is moving in a channel.
T1: 926, T2: 883, T3: 840; SL: 975
Target Date: 20 July 2020
Risk to Reward: 1:3
Potential profit: 10%
CEAT: Is it moving towards reversal? CEAT: This is how I look at it, purely my POV.
For me it's a *NO* for long term. However swings can be enjoyed looking at daily chart as per individual setup.
Looking at weekly chart Demand seems to be btn 752-851and Supply 1390-1420.
The move from DZ was seen somewhere in may 2016, and it was recently tested, the leg out candle after the test was Bullish Engulfing candle (weekly), indicating buyer Intrest at this level also in the past lot of price reactions can be seen around ds zone and majorly prices has moved up or got supported in this band, hence it can be a good price support band.
With identified DZ & SZ prices are low in curve.
With the current momentum pace if it crosses 1160+ lvl (previous swing high) it can be looked to chk for trend reversal.
BOSCH looks strong levels mentioned in charts !!
i see stock at 21k +++
condition is it should hold supports of 19500 !! as long as its above 19500
bearish below 19500 zones
Short term Swing trading-CEATLTD-SellCEATLTD looks bearish for short term.
Sell Below: 1300 for targets -
T1: 1235
T2: 1209
T3: 1183
SL: 1365
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 your own responsibility. Thanks, All the best. Happy Trading. :-)
below 1288 , balkrishna ......????? i am bearsih on the stock and would like to go short with proper stop loss and entry and exit levels /.
the HEAT in TYRE stocks may COOL down for a while !!Bfore 16/04.I AM bearish on the overall tyre sector upto MONDAY 16/04 ...& certain levels AS it has given a good run already and should take a pause , correct a bit , retest levels , and then can climb high ! OVERALL THE RAW MATERIALS REQUIRED , SHOULD BE KEPT CLOSE EYES ON !!
