The stock looks weak below 1440 for the targets of 1365, 1300, and 1255 until 1555 is intact on the upside.
The R&R is not favorable, so safe traders keep away.
To motivate me, Please like the idea If you agree with the analysis.
InvestPro India Team
Date: 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%