#CEAT CASH :LOOKS GOOD ABOVE 1365 & SELL BELOW 1317#CEAT CASH
05 SEPT 2018
GOOD SELL ONLY BELOW 1320 &
AT RISE 1328-1330
SL AT 1340
TARGET 1300-1304/1282/1262
(ALL LONG IN CEAT ONLY ABOVE 1365
ONLY FOR 1382-85/1398-1400)
CMP 1342
CEATLTD trade ideas
CEAT Head n ShouldersCEAT , after a big head, it bounced off the year long neckline,to make the possible right shoulder at different sup/resistance lines.. Awaiting for a breakout/reversal
CEAT Ltd.keep on radar.. Rising Wedge formation after Poll, stock near the breakout... if sustain above 1425 go for long TGT 1535/1630 SL 1400
CEATLTD : Buy on Divergence, double bottom, fib lvls & resultsVerdict:
1) Strong CHART PATTERNS
2) Divergence observed on STOCHASTIC AND RSI
3) Bouncing after DOUBLE BOTTOM with very high volume
but with only 5.5% delivery (5 days avg = 7.7%) &
4% increase in OI.
4) On Friday, Price Up (8%), Volume Up (90% apprx)
& OI Up (4%)
Expected Target : 1430 in 5-10 Days (Swing)
CEAT-finding reversal areaeverything on chart.
ceat taking support on monthly and weekly support level.
momentum indicator also confirming on daily chart.
waiting for confirmation.
expecting one more dive to dotted red line.
