Ceat
Time to buy CEAT tyres for bull race.Script - CEAT
Pattern - Double Trend line
Breakout - on Long
Trend - Neutral
Trade:
Position - Long
Entry - above 1725
Exit - 1805
Stop loss - 1670
CEAT BATCEATLTD is moving towards completing the BAT pattern.
A bit of resistance on the way though.
CEAT channel setupCEAT has been trading in a channel since late 2014.
Please use this idea as a reference in addition to your analysis.
Regards,
tRex
Jurassic Park
Ceat : Bulls tires are good or Are they tired ?!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 decide further course of action.
Ceat : Let it Roll smoothly...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 in a crucial stageCEAT 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:
CEAT - LONG CHANNEL BREAKOUT 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.
Target: 1220
SL: 1200
CEAT - PARALLEL CHANNEL + SUPPORT LINESNSE:CEATLTD
CMP - 1174.50
You can see the parallel channel and the support lines which date back to previous months.
Trade accordingly ,
Thanks,
I hope you like it.
Long Lower Shadow candlestick on CEAT - LONGLong Lower Shadow candlestick pattern and OI analysis also positive sign for Long.
OI Analysis:
Price - UP
Volume - UP ( +17 lks volume high compared with previous day traded volume)
OI - UP (+30 %)
Market - ** will update on trade day**
Trade:
Buy abv - 1147
Target - 1167
Stop Loss - 1130
Reward Points - 20
Risk Points - 17
Ceat - LONGOI Analysis:
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 for bullish on bearish trend. (1 hr chart)
Trade:
Buy above - 1142
Target 1 - 1154
Target 2 - 1163
Stop Loss - 1131
Reward Points - 21
Risk Points - 11
Triangle Formation on CEAT - LONGSymmetric Triangle formation on CEAT and show bullish trend on MACD, STO & RSI.
Trade:
Buy Above - 1286
Target 1 - 1298
Target 2 - 1311
Stop Loss - 1269
Reward Points - 25
Risk Points - 17
Short Ceat @ 1245in.tradingview.com
Short Ceat below 1246...
Target 1 - 1232
Target 2 - 1201
Stop Loss @ 1282
Continue holding longs in MRFMRF is not giving any signs of reversal. One can continue holding this stock till we get the start of a corrective move.
Other tyre stocks like CEAT and Apollo Tyres as posted earlier (check the attached links) can be continued to be held (till any visible reversal signs).
Ceat Ltd - Kumo Breakout - BUYIchimoku best works with clear chart patterns and trending stocks. On Daily charts, we have witnessed a Kumo break out, which indicates we can initiate a trade and go long on CEAT. I had marked the resistance areas 950, 1030, 1125 & 1300 where we can see some corrections.
PRO's please guide with your comments.
