shivamalang

CEAT LTD as on 14.08.2021

NSE:CEATLTD   CEAT LTD
MAKING 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"

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.