CEATLTD
CEAT LTD: Advance pattern (W+Flag) + EMA 350 + Trend-line Levels are mentioned on chart for Swing trading.
Please check the description section for early entry level in given stock to get better Risk to Reward ratio.
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Entry: 965
SL: 915
Target: 1070
RR: 2.0
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Dr. Shamraja Nadar,
PhD in Technology.
Disclaimer
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All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
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Ceat_Short for target of 840Date: 22 June 2020
CEAT CMP 935.50
Rising Wedge pattern can be seen in Ceat. Price has broken down the rising wedge pattern. Also stock is approaching down towards 200 DEMA. Stock is moving in a channel.
T1: 926, T2: 883, T3: 840; SL: 975
Target Date: 20 July 2020
Risk to Reward: 1:3
Potential profit: 10%