CEATLTD trade ideas
CEAT LTD BUYYou can see flag pattern breakout on daily time frame at 1367. So go long at 1370 can expect a good move on long side.
Ceat for short termTarget : 1440 in short term
It's just a technical analysis and prediction for education purpose.
Keep it on you watchlist or radar.
#CEATA low risk, high reward setup. Trading at its 200EMA at perfect support.
Entered today ~1285
Stoploss below 1100
T1 ~ 1783, then ATH.
Broken Major Resistance-Retest inprogressCeat Analysis:
It is broken major resistance, price is retesting ideal buy area marked on green (Demand Zone)
expecting target 1400. Let's see.
Happy Investing!
BULLISH BREAK OUT IN CEAT TYRESCROSSED PRE-COVID LEVELS LAST WEEK.
WEEKLY RSI crossed level of 60 after 2 yrs.
PLEASE SEE CHART FOR FURTHER DETAILS
TARGET 1: 1200
TARGET 2: 1300
STOP LOSS : 1080
**These are my personal observations. Please trade at your own risk.**
