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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Ceatbullish
Ceat Cup & Handle Beakout Ceat Cup & Handle Beakout
Target 3000/3200++
Auto / Auto Anxillary / Tyre Stocks in Focus
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 LtdPotential Breakout Candidate on WEEKLY TIMEFRAME
It may breakout above the triangle
levels mentioned on the chart
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.
CEAT | LetsMakeMoneyTogether 💲💲 FOLLOW me @Averoy_Apoorv_Analysis and get these free analysis :) 💲💲
🔰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 :)
🔰Happy trading everyone :)
🔰 {Some info}
➼My name is Apoorv and I am a 2nd year Engineering student, I want to pursue trading as my career, and thus whatsoever setups or trades I potentially see on my charting platform, I post it here and share them with you all.
➼I hope you will love my simple analysis style.
➼Feel free to suggest your view on this as learning is earning here :)
➼I take my trades on my Zerodha account :)
➼These charts are my and only my work, my thought process, just from an educational point of view and no calls.
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CEAT, Ascending Triangle PatternCEAT, moving in ascending triangle pattern, enter if close above 1350.
30/11/2020 Research Report For CeatBuy @ CMP CURRENT MARKET PRICE
First Sell Target @ 1169
Final Sell Target @ 1207
Ceat Tyres_45% upside_Flag PatternDate: 25 Feb 2021
Ceat is showing a flag pattern breakout. Target and SL is given in the chart
CEAT TRENDLINE BREAKOUT WITH VOLUME SUPPORTEDCeat 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
CEAT AT CHANNEL SUPPORTStock has seen bouncing from channel support line, after after long legged doji with good volume..
Buy Triggered at 1159
with a stop at 980
Expected targets 1381 , 1504, 1627
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 : 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 :)
