CEATLTD trade ideas
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.