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.
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...
After Apollo Tyres next big thing is this... If it doesnt break the support this should fly to pre covid levels
CEAT's level to watch is 1300-1310. A cross of 1310 would indicate upmove else the stock may retrace down