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
Ceat 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.
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...
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🔰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 :)
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Ceat 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
Stock 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
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 :)
