Ceat is heading for a consolidation with a perfect symmetrical triangle. Currently the support is at 1950 and resistance is at 2019. One can go short at or below 1970 with SL at 1993 for T 1950. Alternatively one can short 2100 CE at 13.5 and 1900 PE at 15.5 together for 10150 INR in 15 days. Keep strict SL.
The stock has been trading in a channel for last few months and showing signs of breakout with volume. RSI and STOCH indicates the same. It is at resistance which is placed at 1850. One can go long above 1850 with SL at 1820 for T1 - 1870 T2 - 1897. Alternatively one can short - 1800 PE at 22.9 and 1900 CE at 22 for NOV series.