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"
