- A Triple top kind of pattern at ~ 1940 - Price unable to break Kumo - A Short at 1750 or 1775 with SL at 1815 & Target of 1620 (just above 38.2 retracement) should be possible - The above trade will be a R2R of 1:2 or little better
Buy CEAT above 1720 T1: 1750 T2: 1775 SL: 1699
CEAT moved out of the week long downtrend line WITHOUT a bang., just a sideways movement in the yellow range. Currently taking resistance from the green line , awaiting a breakout or reversal
CEAT is moving in a channel for a while Currently making a double top in the blue zone. On the daily chart, its moving towards filling a gap from 1840 to 1900.
Script - CEAT Pattern - Double Trend line Breakout - on Long Trend - Neutral Trade: Position - Long Entry - above 1725 Exit - 1805 Stop loss - 1670
CEAT has been trading in a channel since late 2014. Please use this idea as a reference in addition to your analysis. Regards, tRex Jurassic Park
hi, explained in the charts
CEAT just broke out from the neckline of a not_perfect head and shoulder pattern. Yet the neckline resistance was respected all along. Its retesting the neckline zone. If the resistance of neckline has turned into support, a possible breakout from the triangle /trendline can be expected. Small yellow sup/res levels can still cause the reversal or sideways...
CEAT is currently at a crucial stage where its facing a resistance from an old trendline and support by a channel Please take your decisions based on the direction of breakout (at your own risk) :P Here is the bigger picture on daily chart:
Here, I have identified a potential long setup in the stock. CMP - 1321 Target - 1370 SL - 1300
ceat trading @ 50% fib level also it has formed triangle buy this stock @ 1148 with sl of 1105 closing base target 1280 enjoy
Ceat has been trading in down trend and trading at channel resistance and may be approaching the channel support around 1069 in near tern,
Ceat will give a long breakout Abv 1179.20 it can go to level Upside level- 1189 Downside safe level- 1170
CEAT ltd has been trading in down trend and trading in downtrend channel respecting support and resistance.it is now approaching support 1072 in near term.
trading below middle level support. downdrageded RSI line. is it short side indication.
Long Lower Shadow candlestick pattern and OI analysis also positive sign for Long. OI Analysis: Price - UP Volume - UP ( +17 lks volume high compared with previous day traded volume) OI - UP (+30 %) Market - ** will update on trade day** Trade: Buy abv - 1147 Target - 1167 Stop Loss - 1130 Reward Points - 20 Risk Points - 17