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...
Ceat 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...