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🔰Watch the stock carefully :)
🔰Once you see a good breakout above this line (the pink one ) A good setup is initiated there
🔰DAY candle only ( strictly educational purpose ) :: A tip :: close above the line only on 3:20 pm would be a good setup creation :)
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🔰...
Ceat tires looks in der consolidation phase... It may double up you investment within a year soon.. They have giant plans in India and opened up new plant with investment of 4000 CR.
Buy on dips...
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 : 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 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
Date: 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: 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...
