SWING IDEA - CEAT LTDCEAT Ltd , a major player in the tire industry, is currently showing technical signals that suggest a potential swing trade opportunity.
Reasons are listed below:
Break of Symmetrical Triangle Pattern : The stock has broken out of a symmetrical triangle pattern, indicating a potential shift in momentum and the beginning of a new bullish trend.
Bullish Engulfing Pattern on Daily Timeframe : A bullish engulfing pattern has formed on the daily chart, signaling strong buying pressure and a possible continuation of the upward movement.
Support of 50 EMA on Daily Timeframe : The stock is finding support at the 50-day exponential moving average, reinforcing the overall bullish sentiment and providing a strong support level for the current trend.
Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the breakout, indicating strong investor interest and participation in the move.
Constant Higher Highs : The stock has been consistently making higher highs, a classic sign of a strong uptrend, suggesting continued momentum in the upward direction.
Target - 3000 // 3170
Stoploss - Daily close below 2575
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CEATLTD
CEATLTDNSE:CEATLTD
LIFE TIME BO!!!
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
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
CEATLTDA Very Good Chart in formation on weekly and monthly time frame as well as VCP is also forming. If it gives breakout in weekly timefame can think of building positions and can pryamid if monthly candle above sustain the horizontal line. Views should be a bit long as the pattern is in weekly as well as monthly
ideal sell setupsCeat tyre was in uptrend
however stock on weekly chart was making multiple wicks at higherareas.
the stock was trading near earlier resistance.
The RSI indicator suggested heavily overbought with above 2 things into place.
also along with this there was a lower high formation too! indicating supply !
CEAT LTD as on 06.09.2021DESCENDING TRIANGLE PATTERN FORMED!!
200 AND 50 EMA GIVING GOOD SUPPORT!!
Monthly basis demand and supply acting as good support and resistance!!!
Target=1972/1770
STOP LOSS=1257/1250
IF breaks down then go for short trade for intraday with helps of pivot points!!
(The above analysis is only for study purpose do not take it as any buy or sell call)
CEAT LTD as on 14.08.2021MAKING A SHORT TERM CALL AND LONG TERM CALL TOO IF GAVE A BREAKOUT UPWARDS!!
A FALLING WEDGE pattern formed for short term call if gave a breakout in upward direction then can make a good move after retesting and can breaks the SYMMETRICAL TRIANGLE in upward direction!!
IF BREAKS ACCORDING TO MY ANALYSIS THEN CAN GIVE A NEW HIGH !!
44 ema can act as resistance and if it breaks then will make give a good support to candles!!
DO CHECK BREAKOUT CANDLE VOLUME!!
TARGET PRICE FOR SHORT TERM IF BREAKS UPWARD=1385/1504
STOP LOSS=1312/1280
TARGET PRICE FOR LONG TERM IF BREAKS UPWARD= 1900/2011
STOP LOSS=1379/1280
(Can break down also and can make a big down!!)
"THE ABOVE ANALYSIS IS ONLY FOR STUDY PURPOSE do not take it as any buy or sell call"
CEAT Triangle Breakout + Channel Reversal Pattern For Short TermThe stock has reached lower trend line of the channel pattern and took support which may undergo a reversal rally; at the same time it has broke out of triangle pattern and retested it. Trade is supported by brokerage calls and Supports Nearby along with 200 EMA.
Risk Reward Ratio - 1:1
SL is placed below multiple major support zones + 200 EMA and target is place near upper trendline.
Note: Make sure to enter trade only after Reversal is confirmed, Don't enter during a breakdown.