NSE:CEATLTD formed double bottom pattern with 1138 as its neckline. RSI Bullish Divergence can also be seen with pivot R1 of this month and prior gapdown acting as resistance. Highest call OI is at 1150. So, based on above observations NSE:CEATLTD will be bullish if it sustains above 1150 with good volume. If it reverses from R1, it can fall until Central Pivot Point.
Ceat - Daily time frame Analysis
Bullish Crab + Demand zone + RSI Divergence
Target - 1100-1148-1182-1215+
Good level to enter for long - 1030-1045
Add more if get 960-990 levels
SL below 940 - Daily time frame candle closing basis