Tuesday, August 22, 2017

CEATLTD IS IN SHORT TERM RECOVERY PHASE


BUY  CEATLTD ABOVE 1650 TGT 1700/1760 SL 1600
Primary trend of the CEATLTD  is bearish After showing correction from the higher level, now stock is trading in short term recovery phase, it is likely to continue the upside move in near term with the crossing of the resistance level of 1650 as the stock is managing to sustain above the level of 1650. One may get the targets of 1700,1800 in the stock with the stop loss of 1600.Overall trend of the stock is bullish. if the stock is managing to trade above its RSI of 40.And wockpharma manages to sustain above the immediate support level of 1515 at 200 EMA. 22 &55 EMA can see as a strong resistance at 1562. It is likely to experience fresh buying with the crossing of 22 EMA , where one may keep the targets of 1800-1850 in the stock with the stop loss of 1515.
DAILY CHART FOR CEATLTD: 


 

2 comments:

  1. I have 1 lot of NINDUNILVR 1180 PUT @ 10.4 ,It will come 14

    ReplyDelete