RESULT DAY BE CAUTIOS
BULLISH .
TRADE wisely.
WE CAN JUST PREDICT.
Disclaimer: I am not a SEBI registered advisor , so before entering on my view plz ask your SEBI Registered Advisor . Profit is your and loss is your.
Ceat ltd: Triangle pattern (Time frame-1Week)
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Chart time frame -1 Week
Trade type -Short term
Duration - 2 months
Entry - 1400
Target 1 - 1750
Stoploss - 1250
Risk : Reward - 1:2.3
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Disclaimer: All charts are purely for educational and information purpose only. I...
So as you see in the chart, there is a strong resistance at the level of 1399,
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And stock is following thr trendline now, so if the goes above 1399,
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We can buy this trade for target of 1435, if stock break the trendline in a down side.
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We will totally ignore this trade.
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What's your view comment below in the box.
Good Signal for an entry:
1) A Breakout from a triangle pattern in daily time frame.
2) Clear opening in the weekly time frame outside the triangle pattern.
3) Good Support at the level of around 1274
4) Stock is trading around 28% below the yearly high, so we can expect a good move in the upcoming trading sessions
So, This one is good for Swing trading......
Look out for a trendline breakout as it is forming a descending triangle pattern on daily chart.
Enter above 1375.
Other important levels are given in the chart.
Good evening friends welcome to the analysis of Ceat ltd. it is maintaining the level of 1335 till the time we are bullish on it. For detials see the video.
Regards.
I will buy CEATLTD because :
It has been taking support at the trend line .
It is also forming lower heights
It is forming a Triangle pattern
If it breaks the support look at shorting
Entry : 1314
Target : 1500/1700
Stop loss : 1177
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...
All 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 Ltd. engages in the manufacture and sale of automotive tyres, tubes, and flaps. It offers tyres to all user segments and manufacturers for all vehicles including heavy-duty trucks and buses, light commercial vehicles, earthmovers, forklifts, tractors, trailers, cars, auto-rickshaws, motorcycles and scooters,. The company was founded on March 10, 1958 and is headquartered in Mumbai, India.
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