The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
CEAT - after forming double zig-zag, now ready for upside move wave 5. Entry can be taken after breakout and retest by following strict stoploss as shown. -Definitely not SEBI - Registered. So, this is only for educational purpose.
elloit wave analysis / wave theroy / buy ceatltd / chart study 5th wave
Ceat Ltd leval and target Buy above 1084 Target 1110/1140/1185 for Monday
Ceat tyres //Long //Investment 3-6 months//price action// Demand Supply//Supported by Institutional buying // Levels Clearly Mentioned// GOOD TO GO
After few months of consolidation CEAT IS getting ready for Breakout High Possibility is to break all time high
Best stock To buy in this market.... completed correction on weekly timeframe....and least possibility of correction when index will in correction...can go long for target 2100 with SL 1200
Ceat has formed a beautiful setup, one can Buy for 3-4 months holding period Tgt-1700, 2000
Have closed above 50 days closing average with increased volume .....
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the lower trendline. The target is placed near swing high.
Broke the trendline, ready to move upward, wait for retest and entry
CEAT looking good can see 25% movements after breakout CMP 1338.45 Target 1700 Stop Loss 1250
DESCENDING 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)
Debt free company #do your own analysis before investing Breakout trade