CEAT LTD
Long

CEAT Triangle Breakout + Channel Reversal Pattern For Short Term

68
The stock has reached lower trend line of the channel pattern and took support which may undergo a reversal rally; at the same time it has broke out of triangle pattern and retested it. Trade is supported by brokerage calls and Supports Nearby along with 200 EMA.

Risk Reward Ratio - 1:1
SL is placed below multiple major support zones + 200 EMA and target is place near upper trendline.

Note: Make sure to enter trade only after Reversal is confirmed, Don't enter during a breakdown.

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