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CEATLTD

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.
NSE:CEATLTDLong
by SagirKazi
FY21-22 Swing Trade Idea #127: Long on CEATLTDThis is a public swing trade idea (other private ideas accessible through website) and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:CEATLTDLong
by onerighttrade
6
#ASHOKLEY CMP 128.40 #Target 157(20%+) #MARUTI #TATAMOTORS #ITC#ASHOKLEY NSE: ASHOKLEY CMP 128.40 Target 1: 139 Target 2: 157 SL 120 RR Ratio > 3 Time Frame < 45D CAN HOLD ABOVE 157 for 170 target! Book part profits! Factors: Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
NSE:ASHOKLEYLong
by Rachit_Sethia
5