Today we will learn some a simple breakout strategies like Rectangle pattern breakout.
As you see in chart price is stuck in range and give a breakout .
So we can look for long in this stock, my viewpoint is going straight towards our target.
Don't look as a investment take as a swing trade it will be better for long holding price should be in a bottom and there...
Nifty making all time high. India Vix at comfortable level. Nifty Auto sector outperforming Nifty. Tyres industry showing strength. CMP 2172, SL 2060, TGT 2515-2520. R:R 1:3. Fundamentals are also looking good.
Ceat ltd has taken support in daily chart and reversed.
Breakout happened and holding above the resistance levels. High possibilities to move up from here.
we can buy with the target of 2610
3.80% Upside Potential
NSE: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...
The stock of CEAT Tyres (NSE: CEATLTD) is exhibiting bullish momentum and has crossed 2018 high of 2000 with a bang!
The price action seems bullish and the path of least resistance is up toward the 1.618 Fibonacci extension target of 2900.
Ceat Ltd.
C&H Formation on Yearly Basis.
Strong Price Trendline BreakOut
Vol. BuiltUp Continued
Trail SL with Upside.
Book Profit as per Risk Appetite.
Do Your Own Research as well.
Happy Investing 😇
👉🏻Stock Trading above 20 & 50 EMA
👉🏻Price consolidating in a small base.
👉🏻Breakout above 2110 Support 2025
👉🏻RR Favorable for going long
Don't forget to hit that❤️for a like🔁for a share,and🔖for a bookmark!
#bullish #stockmarket #stockstowatch #Stocks #Investing
ceat breaking after a long 5 year consolidation.
buy at 2000-2100.
target 4000-8000.
long term target 18000.
yes 18k possible on upside with patience .
recorded a rise in its attributable consolidated net profit to 1.34 billion Indian rupees in the quarter ended March 31 as against 252.5 million rupees a year ago.
Earnings per share stood at 33.05 rupees compared with 6.24 rupees, according to a Thursday filing.
Revenue from operations in fiscal Q4 also increased to 28.75 billion rupees from 25.92 billion...
A 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
NSE:CEATLTD
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!
Ceat 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 !
In the daily time frame we can see the cup formation and then it came back for retest. If it breaks that high of the cup as a handle then we can see a move till 200.
