CEATLTD trade ideas
CEAT - Budget BetWanted to buy CEAT. Assuming a jump on imported tyre's duty from 10% to 40%. So drawn some expectation. Do not take trading decision based on this.
CEAT Limited approaching breakout: BUY if closes above Rs. 995CEAT Limited, a tyre-manufacturing company is approaching breakout. Two of the other well known tyre manufacturers in India (MRF and BALKRISIND) have already given breakouts. Will this one be successful too?
Lets stop guessing, and follow the strategy used to identify others. The Pro-Breakouts strategy that I use automatically draws breakout and support lines, which result in trade signals. For more details, please refer to the website link in the signature field below.
#CEAT CASH : LOOKS GOOD ABOVE 942.10#CEAT CASH
15 OCT 2019
LOOKS GOOD ABOVE 942.10
STOPLOSS 937
TGT 948-950/958-960/980
CMP 935
Long This scrip is in its last correction
Its very high likely will reverse and start moving up side for next move up
One can wait for Weekly reversal and position them self on weekly Price analysis basis
and look to book near the forecast
CEAT: Is it moving towards reversal? CEAT: This is how I look at it, purely my POV.
For me it's a *NO* for long term. However swings can be enjoyed looking at daily chart as per individual setup.
Looking at weekly chart Demand seems to be btn 752-851and Supply 1390-1420.
The move from DZ was seen somewhere in may 2016, and it was recently tested, the leg out candle after the test was Bullish Engulfing candle (weekly), indicating buyer Intrest at this level also in the past lot of price reactions can be seen around ds zone and majorly prices has moved up or got supported in this band, hence it can be a good price support band.
With identified DZ & SZ prices are low in curve.
With the current momentum pace if it crosses 1160+ lvl (previous swing high) it can be looked to chk for trend reversal.
#CEATLTD CASH : STRONG RESISTANCE @ 941-942#CEAT CASH
16 SEPT 2019
STRONG RESISTANCE @ 941-942
ALL LONG ONLY IF CLOSE ABOVE 941-942
CMP 925.25
Ceat providing good oppurtunity.taking support at 100SMA and 61.8% of fibonacci retracement level i.e we are getting confluence of two good setup. So it can be a good long oppurtunity.
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#CEAT CASH : LOOKS GOOD ABOVE 893.10#CEAT CASH
21 AUG 2019
LOOKS GOOD ABOVE 893.10
FOR 908/928/948
STOPLOSS 876
CMP 877.30
Swing oppurtunity on CEAT LTDFrom long term resistance ceat has reversed with good bullish candles. now after a slight retracement it is again at the brink of breaking a resistance level and by judging from the bullish momentum it will break the level. if after breaking it sustains above it then it will provide a good swing oppurtunity.
IT's BUY Boy :)Looking great @ CMP for 874/890. Price did confirmation we can enter with a green candle on 10 mins on 14th-Aug.
