Tuesday, July 18, 2017

CEATLTD TURNS FROM BULLISH BIAS TO BEARISH BIAS


SELL CEATLTD BELOW 1885 TG 1850/1840 SL 1920

FOR LIVE TRADING LEVELS WHATS UP ME

ON 09039542248

The stock is in bull run and is forming a reversal pattern in short term charts, it is likely to show correction with the breach of the support level of 1885, where one may initiate the short position in it for the targets of 1850,1840. while stop loss can be placed at 1920.  Primary trend of the CEATLTD is bullish and after holding  its MONTHLY RESISTANCE POINT, the stock is managing to trade above its 22 and 55&200 days moving averages with the RSI of 55, one may expect the BUYING ABOVE 1920 and targets of 1950/1970 in the stock if it manages to sustain above the immediate support level of 1850.first resistance level seen on charts at 1900.
DAILY CHART FOR CEATLTD:

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