CEAT - Double Top? Good for long? Lets wait and watch

30 בדצמ׳ 2016

On daily chart its been observed that CEAT is making double bottom @ levels of 1100-1120.
There is possibility it would bounce back and touch trendline @ 1230.

Long can be initiated in range 1150-1175
TP: 1230
SL: 1110 on day closing basis.

*Charts are shared for learning purpose*

2 בינו׳ 2017

עסקה פעילה

3 בינו׳ 2017

עסקה פעילה

Todays high made @ 1213.

10 בינו׳ 2017

עסקה פעילה

10 בינו׳ 2017

עסקה פעילה

Todays high made @ 1228

11 בינו׳ 2017

עסקה סגורה: היעד הושג

Target met on 11 Jan 2017. Gain 70 points.

12 בינו׳ 2017

הערה

Down Trendline shows its resistance at 1230 again. Its down by 20 points. Though we have closed this trade at long side with 70 points profit, keep observing CEAT how it react.

16 בינו׳ 2017

הערה

After touching the trendline resistance @ 1230, it again came back. Good to see.