Reversal likely! 1) Affected by Kerala rains 2) CV cycle still strong; though 2w and 4 w sales were subdued
MRF Inside bar at S/R zone. Go long if it crosses high of inside bar. Short if it crosses below low of inside bar.
CEATLTD looks bearish for short term. Sell Below: 1300 for targets - T1: 1235 T2: 1209 T3: 1183 SL: 1365 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely...
Based on my PredictiveSystem's signals, its going to be a GREEN candle on 08-Jun-2018 for CEATLTD Buy Above: 1371.4 for targets - T1: 1381.7 T2: 1387.9 T3: 1394.3 SL: 1360.4 Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before...
Apollo Tyres has come out of 2 year long consolidation & now taking support of breakout line.... Rounding bottom pattern has also observed..... ADX & DI indicating strong strength... Buy position can be initiated in Apollo Tyres for target of 300
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:
Tyre Sector has been in focus from past 2 days due to falling Crude & Rubber prices & with 9000 broken in upside the laggards will start to catchup. Now, it shall further move up from here with support of the channel. Target: 136(Very Short term) Stoploss: 122 (Closing Basis) RR: 1:1.3 Target: 149 (Short term) Stoploss : 117 RR: 1:2
Let's see if it's going to complete the formation
Wonderful breakout was observed in APOLLOTYRE. The same trend followed. Touched Support 1 level and again Resistance 2 level same again and again. The Stock is in correction mode, once it is settled, it may make a new high. The RSI is also following the same pattern. Very soon we can see 200 level in APOLLOTYRE... but before that 160 level which is again a S1...