patience and promise is at the ceat. i feel one can go long as along as 1690 low i s not broken, it suggests, if you have patience 5% of gain can be seen on ceat
CEATLTD trade ideas
CEATLTD buy setup - Hunt with tRexBuy CEATLTD on breakout above 1725
T1: 1765
T2: 1800
T3: 1830
SL: 1685
CEAT - Symmetric triangle break outNSE:CEATLTD has broken above symmetric triangle
One can go long above 1769.30
T1 - 1838.70
T2 - 1934.50
SL - 1698.70
Ceat - Hammer @ Support.Hammer @ Support.
RSI Showing Support.
Ready for Triangle Break Out.
Price & EMA Cross Over.
Will Review near Targets.
Other Details Mentioned in Chart.
I am not SEBI Registered Financial Advisor.
Ceat in consolidation. BUYlower bottoms and triangle pattern in making, breakout will give us good upward move.
Ceat in consolidation. BUY lower bottoms and triangle pattern in making, breakout will give us good upward move.
BUY CEATLTD between 1730-1740...target 1900it is continuously managing to save 1700 since many days on closing basis. strong fundamentals of the company.. and stock is in strong uptrend.. buy it in 1730-1740 range.. once it crosses 1770 on closing basis, it will soon fire to 1900... also it has not participated in this nifty rally.. so chances r that it may give good return in coming days..
keep stoploss of 1700 on closing basis...
CEAT - Flat Tyres ahead..??- A Triple top kind of pattern at ~ 1940
- Price unable to break Kumo
- A Short at 1750 or 1775 with SL at 1815 & Target of 1620 (just above 38.2 retracement) should be possible
- The above trade will be a R2R of 1:2 or little better
CEAT Trendline BreakCEAT moved out of the week long downtrend line WITHOUT a bang., just a sideways movement in the yellow range.
Currently taking resistance from the green line , awaiting a breakout or reversal
CEAT Channel BreakoutCEAT is moving in a channel for a while
Currently making a double top in the blue zone.
On the daily chart, its moving towards filling a gap from 1840 to 1900.
CEATLTD - Rounding bottom or ?Price action makes rounding bottom that complete at 1820.
Two possibilities - 1. breakout 2. forming a handle
Time to buy CEAT tyres for bull race.Script - CEAT
Pattern - Double Trend line
Breakout - on Long
Trend - Neutral
Trade:
Position - Long
Entry - above 1725
Exit - 1805
Stop loss - 1670
buy for the target of 1830 if it crosses the price hurdle of 1838 it may touch the previous high of 1936. on weekly it is showing signs of weakening of selling, so momentum will build only after it crosses 1830, watch price action
I have posted how one can identify the move of price above you see price is in range and ADX below 20 and tht is lthe calm . sell call is ltriggered when _ve DMI mad 2nd peak in the highlighted area, and the sell off became aggressive when it fell belwo the l50 day moving average, though indicators are lagging if you learn to read carefully , they will alert you what to do
around 1815 ceat may see again selling pressure, now on the daily chart you can se pull back to 50 day moving average, so price action may chop around finally to go to 1502. the you will get an opportunity to buy
CEAT - ResistanceThis level has been resistance for CEAT for a few sessions. It has also been a support earlier. If it breaks, then there will be a massive upmove towards filling the earlier gap.
ceat also showing recoveryonce it crosses 1755 on closing basis, short erm weakness will go and ceat may go high
CEAT BATCEATLTD is moving towards completing the BAT pattern.
A bit of resistance on the way though.
CEATLTD: Hard to Skid.... Detailed as well as Entry / TARGET/ SL all plotted on chart.
* More Updates on Market Hours, as Scenario Change.
Don't forget to Click / Tap LIKE button, as Like is Barometer of Usefulness.
Disclaimer: Only For STUDY. For Taking Trade Decision Consult Financial Advisor.
