Look out for a trendline breakout as it is forming a descending triangle pattern on daily chart.
Enter above 1375.
Other important levels are given in the chart.
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...
As we can see that CEAT Taking support on TL and 200 EMA Starting going up from support
very aggressive trader can buy 1355-1370
safe trader can buy avove 1500
CEATLTD
- BO done
- Good Volume since two days
- Good to accumulated till zone line
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Disclaimer
I am not sebi registered analyst
My studies are Educational purpose only
Please consult with your Financial advisor before trading or investing
This 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...
Stock is coming back to retest its breakout level. While coming back, volumes are low. Also Stocks is near to its 200 EMA. Also RSI may take support at 40.
