CEAT LTD Hits 52-Week Breakout CEAT LTD just hit a 52-week high and looks set for more gains! 📈 Strong technical signs suggest the stock could keep rising, so it’s worth keeping an eye on for potential opportunities! 🚗💨
⭕️Price Action Analysis Alert !!!⭕️
💡Equity Stocks Trading📉📈📊
✍️Technical Reasons to trade or Strategy applied :-
✅ Bullish Trendline Breakout
✅ Trapped Buyers Strategy
✅ Supportive Moving Average
✅Strong Chart Pattern (Rounding Bottom & Inverted H&S)
✅Parallel Channel Breakout
✅All-Time-High Breakout
✅Strong Volume seen
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Ceatanalysis
CEAT Short Trade Setup - Ceat is currently trading at a crucial supply
- I think once the market starts retracing Ceat can soon start to retrace as well
- Ceat can drop anytime after absorbing some more orders
- The risk here on this trade stays around 3-4%
#CEAT
CEAT in an 'uptrend' after breakout from Descending ChannelCEAT reached a high of 2019 in Jan'18 and had been falling in a channel. It attempted breaking out of the channel in Nov '22 but failed. However, subsequently it broke out of the channel in May '23 successfully rising from a low of 1512 to an All Time High of 2642. Following, which the scrip faced a correction and is now consolidating near the support zone 1948 - 2055.
This is the right time to start accumulating this fundamentally strong scrip with tremendous growth potential.
Upside Potential: 77%
Stop Loss: 1780
Ceat share elliot wave analysis ceat share complete daily time period 5 wave and complete correction wave a,b,c correction irregular flat correction and price again move upside weekly 3rd wave
CEATLTD Bullish Rectangle and Range BreakoutSwing Trade Stock Idea. CEATLTD has given Bullish Rectangle and Range Breakout. Accumulate between the range 1465-1535. Good Buying can be seen soon.
Ceat - Long viewCeat is looking technically strong with CMP above all major moving averages.
If we have a closing above the top trend line we ma see prices moving higher and creating a fresh new high.
Any closing above 1564 should help our cause.
CEAT - Descending Triangle breakout soon
Entry – CMP 1,330 ( can enter around 1280-1300 levels too to tighten the Stop loss)
Stop loss -1215 Daily close (Tight Stop 1280)
Target 1 – 1730
Target 2- 1950
Duration – 2-3 years
Co has good Fundamentals and is available at beaten down prices
Co is one of the largest tyre manufacturers and is one of the fastest growing tyre companies in India
Co has debt to equity around 0.5 which is reasonable
Current financial year (Mar 2021) Co was good and TTM is also showing growth
Co is trading at Par Valuation to its peers
Technical -
Descending Triangle breakout is Bearish Pattern, however there is no hard and fast rule that it should break on lower side only.
Seeing, Euphoria of Market. Non Performing Sector will soon catch up.
Hence, we are having Bullish View on this script.
Important: Do not forget to take Stop loss if it starts falling since we are trading against pattern.
High Potential TechnicallyCeat have took very strong support on the 1 yr trendline with good volumes.
Also formed bullish engulfing at support.
Today's volume is highest since 4th Feb 2021.
It has also given short term breakout.
The R1 is resistance on Daily timeframe and weekly timeframe too(Aug 2018 candles).
Let's see how it moves further.
I'm not a professional or very experienced trader.
I'm still in learning phase. This is what I have got while doing analysis of stocks.
This post is for information purpose only.
buy ceatcompany having nice fundementals and nice future plans one can buy this for 1700 in long term with SL of 1150 happy investing and trading
