CEAT LTDPanjang
Swing Opportunity in Ceat
Telah dikemas kini
Go Long above 1337.1 for Targets of 1370.2 and 1403.3 with SL 1304
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a support zone (marked with green color), from which the stock is taking support and moving up.
4. The stock can go up to the trendline where it may face resistance.
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.618 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.618 Fibonacci level.
3. Also there is a support zone (marked with green color), from which the stock is taking support and moving up.
4. The stock can go up to the trendline where it may face resistance.
Pesanan dibatalkan
SL got hit before triggering our entry, so we will not trade on this setup.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.