OI 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...
Symmetric 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
in.tradingview.com Short Ceat below 1246... Target 1 - 1232 Target 2 - 1201 Stop Loss @ 1282
MRF 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).
Ichimoku 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.