CEAT: Buy or Sell?CEAT's level to watch is 1300-1310. A cross of 1310 would indicate upmove else the stock may retrace down
CEATLTD trade ideas
CEAT Long on short term Holding Interesting price action , the Stock has never made this high in the history , Now its watch and enter , as it recently broke through the Resistance and its heading towards the area of Support or Previous resistance , Once the conformation takes that the support it holding I am looking to enter after a bullish thrust day candle for Target of 10 % from CMP Zone with stop of 1360
Lets wait and watch
Regards
CEAT On the verge of breaking out? Ceat on the daily charts is testing a long term channel breakout at 1294. If the breakout is sustained then the next target is 1400. Again, sector has positive tailwinds with reduced Chinese imports and stable rubber prices. Ceat trades at 13 times earnings - which is the sector average
