CEAT LTD.CEAT LTD. Bull Trend Started so i am Expected more bullish movement.(Buy =1320) (Stop Loss =1288) (Multiple Target= 1365, 1400,1450.)
CEATLTD trade ideas
CEAT - Descending Triangle breakout soon
Entry – CMP 1,330 ( can enter around 1280-1300 levels too to tighten the Stop loss)
Stop loss -1215 Daily close (Tight Stop 1280)
Target 1 – 1730
Target 2- 1950
Duration – 2-3 years
Co has good Fundamentals and is available at beaten down prices
Co is one of the largest tyre manufacturers and is one of the fastest growing tyre companies in India
Co has debt to equity around 0.5 which is reasonable
Current financial year (Mar 2021) Co was good and TTM is also showing growth
Co is trading at Par Valuation to its peers
Technical -
Descending Triangle breakout is Bearish Pattern, however there is no hard and fast rule that it should break on lower side only.
Seeing, Euphoria of Market. Non Performing Sector will soon catch up.
Hence, we are having Bullish View on this script.
Important: Do not forget to take Stop loss if it starts falling since we are trading against pattern.
CEAT TYRES... LOOKS GOOD FOR A 20% RALLYAll tyre manufacturer stocks are breaking out of resistance trendlines. MRF, Balkrishna and Apollo tyres had already broken out. CEAT and JK tyres look good to breakout soon. Along with Auto stocks, we can expect a good rally in these tyre stocks. Buy now and add on dips for good returns in the next two months.
Ceat is in daily chart triangular breakout done today.Ceat breakout done in daily chart in triangular pattern, stoploss 1250
And first target pervious high..
Buy at current market price..
Buy CEAT for target of 1440/1600 with stop loss of 1280Buy CEAT for target of 1440/1600 with stop loss of 1280
Watch for Breakout | CEAT LTDDescending Triangle Breakout (abv. 1366.5)
CEAT looks good for Swing trade, might reverse from here
Ceat Tyres - Ready for an up move - crucial Fib level The stock has been consolidating since long , it tried to break it support but the bulls pulled it up. The downside looks very much limited whereas the upside is the sky.
Ceat Ltd Cmp 1338 dated 14.9.2021Ceat Ltd Cmp 1338 dated 14.9.2021
1. Ascending triangle on chart
Buy for a tgt of 1465 SL 1290
it is just a view, pls trade at your own risk.
CEAT LTD - Descending Triangle Pattern - ShortHi Friends,
Greetings from Thenali Views,
We are now going to analysis the CEAT LTD..
The script has formed a descending triangle pattern where lower highs and lower lows are formed where the script has strong support at the range of 1268-1276.
The script was also forming a H&S Pattern in the support zone. As per our analysis the right shoulder will be formed at the range of the Dynamic Support of EMA50 to EMA79.
Stochastic RSI was in the oversold range in 2hr, Daily and Weekly TF. We can have glance to wait for entry till the script was break the support or triangle pattern.
MACD was also in the bearish or oversold range in 2hr, Daily and Weekly TF.
CPR was bullish bias compared to last month, but still the script brakes below the CPR and Support1 of the CPR.
ATR volatility was FLAT which tells us that the huge potential brake out was near.
Based on the above.
We conclude that the CEAT was in the Downtrend and We can have look for Shorting the script if it reaches in the range of dynamic S&R when price rejection pattern found, where the risk to reward will be higher. Also the confluence to that the descending triangle and H&S pattern was evidence at the downtrend.
Entry at Area of Value - Either at the EMA50 to EMA79 or Brake out of the support
SL = Based on the Trade Setup - 1ATR.
Triangle Pattern:
H&S Pattern:
Stochastic RSI:
MACD:
CPR:
ATR:
CEATLTD-Looks to reverseTake long position if it closes above 1350, SL@ 1220 on closing basis.
Target near term -1385, 1425, 1475, 1535.
Final- 1650+
Ceat Tyres- Monthly Time frame - 40%+ move expected Ceat Tyres have been consolidating since past few months.....currently the stock is at the support and in a good uptrend in monthly timeframe....The consolidation is looking like to be ending soon..Once the stock takes out this trend line we can expect a good 40% plus rally
Understanding the Double BottomA double bottom pattern is a technical analysis charting pattern that describes a change in trend and a momentum reversal from prior leading price action. The double bottom looks like the letter "W". The twice-touched low is considered a support level.
It solely depends on the individual on the interpretation of double bottom. Few consider and enter the trade after "W" formation while a few get in after the 2nd low formation based on the candle formation and volume confirmation. Moreover the pattern is forming at a strong support level and favorable risk:reward ratio.
One can have a stop loss at 1200.
Financials:
Assets on balance sheet consistently improving with a significant growth rate.
Cash flow from Operating activity: Increasing by leaps and bounds and is at highest of all time
In terms of operating efficiency: Negative cash conversion cycle and negative working capital days
Operating Profit Margin improving; Company has reduced debt;
DII,FII,Promoter: reduced their stake in the last financial year
#TradeTheTrend#FundamentalPick#TechnicalPick
CEAT Swing tradethis stock is forming a triangle pattern and is ready to give a breakout in either direction. keep a close eye on this stock.
CEAT LTDOnly for educational purpose
Do your analysis before investing
This stock based on my own startgy
Stock following only 200 ema in 2016/2107 same startegy happen in CEAT STOCK THEN GIVE HUGE RALLY
Ceat uptrend - cup and handleThe cup and handle pattern is being further confirmed by consolidating triangle forming the handle of the cup.
With a very small stop loss, potential to profit is huge.
ceat superb pofit deal ceat is giving dividend and is also at good support ..perfect entry for swing trading
Swing Opportunity in CeatGo Long above 1337.1 for Targets of 1370.2 and 1403.3 with SL 1304
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a support zone (marked with green color), from which the stock is taking support and moving up.
4. The stock can go up to the trendline where it may face resistance.
Buy CeatBuy Ceat near 1350-1360 Stoploss 1315 Target 1570
Inverse Head & Shoulder Pattern Breakout and Retest Structure
