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CEATLTD

SWING IDEA - CEAT LTDCEAT Ltd , a major player in the tire industry, is currently showing technical signals that suggest a potential swing trade opportunity. Reasons are listed below: Break of Symmetrical Triangle Pattern : The stock has broken out of a symmetrical triangle pattern, indicating a potential shift in momentum and the beginning of a new bullish trend. Bullish Engulfing Pattern on Daily Timeframe : A bullish engulfing pattern has formed on the daily chart, signaling strong buying pressure and a possible continuation of the upward movement. Support of 50 EMA on Daily Timeframe : The stock is finding support at the 50-day exponential moving average, reinforcing the overall bullish sentiment and providing a strong support level for the current trend. Spike in Volumes : A noticeable increase in trading volumes confirms the strength of the breakout, indicating strong investor interest and participation in the move. Constant Higher Highs : The stock has been consistently making higher highs, a classic sign of a strong uptrend, suggesting continued momentum in the upward direction. Target - 3000 // 3170 Stoploss - Daily close below 2575 DISCLAIMER - Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services. @visionary.growth.insights
NSE:CEATLTDLong
by Visionary_Growth_Insights
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"
NSE:CEATLTD
by shivamalang
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.
NSE:CEATLTDLong
by tradewidmufeeth