BUY CEATLTD ABOVE 1760 TGT 1780/1830 SL 1730
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 1760 as the stock is managing to sustain above the level of 1760. One may get the targets of 1780,1830 in the stock with the stop loss of 1730.Overall trend of the stock is bullish. if the stock is managing to trade above its RSI of 50.And Ceatltd manages to sustain above the immediate support level of 1700.55 EMA can see as a strong resistance at 1760. 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 1730.
DAILY CHART FOR CEATLTD:
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