It is been observed that the price action breaks above the downward trending channel, indicating bulls charging up. It shall further move up from current level and every dip is a buy.
i think ceat in 4 day create volume in this level... and current future is in ban. now what to do???
this is opportunity for the buyer don't west time buy fast and hold fro the month end......
and i expecting move up more then 10% in single day.... lets seee...............
CEAT closed above its 200 day EMA on 02-Sept with a huge candle and huge volumes. Today's price action confirmed the breakout with good volumes. Long positions can be entered with the 200 day EMA as a stop for first targets of 1045
Ichimoku best works with clear chart patterns and trending stocks. On Daily charts, we have witnessed a Kumo break out, which indicates we can initiate a trade and go long on CEAT. I had marked the resistance areas 950, 1030, 1125 & 1300 where we can see some corrections.
PRO's please guide with your comments.