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CEAT LTD - Fresh breakout on Daily and Weekly charts

Long
CEAT LTD (NSE:CEATLTD)  
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NSE:CEATLTD   CEAT LTD
Trend Analysis Technical Indicators Chart Patterns swingtrading tradingstrategies tradingtips tradingtutorial stocktrading sharemarket sharemarket-training-india Fibonacci Retracement
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Entire tyre manufacturing companies are in good position.

This tyre manufacturing company has given a strong breakout on daily and weekly chart. Volume near the breakout is also increasing which is good sign. The stock is in blue sky zone hence, possible targets in the chart can be calculated using Fibonacci retrenchment tool.


Disclaimer: Stock shared is for educational purpose and does not contains any buy or sell recommedations.
Commento:
Stock is up by 12% after posting this

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