ceat breaking after a long 5 year consolidation. buy at 2000-2100. target 4000-8000. long term target 18000. yes 18k possible on upside with patience .
NSE:CEATLTD Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Broke the trendline, ready to move upward, wait for retest and entry
After Apollo Tyres next big thing is this... If it doesnt break the support this should fly to pre covid levels
#CEAT CMP 1188 Short suggested at around 1185-1188; stop 1225 Logic: Stock has formed a consolidation pattern in the form of H&S amidst its strong downtrend as confirmed by Trend Template.
CEAT's level to watch is 1300-1310. A cross of 1310 would indicate upmove else the stock may retrace down
Stock closing near to Day low & last hourly Selling showing weakness in Stock Sell in Strong trading zone for more profit
Tyre stocks like CEAT, Apollo Tyres and MRF seem to be following a similar structure. MRF has already broken out of it's corrective structure. It's likely that CEAT and Apollo Tyres would do the same.
CEATLTD - Breakout move on close above 1165.