Ceat Ltd
on a daily chart stock price is making higher high and higher low pattern with
increase in volume, indicate positive outlook for the stock price. On an
intraday 1-hour chart stock price at Rs. 952.70 has given the breakout at Rs.
917 of the cup and handle, indicate on going bullish rally will continue into
the stock price which will take is towards Rs.999 Momentum oscillator RSI is
rising have more room left on upside, MACD has given positive crossover which
add more bullishness for the stock price.
If one were to go by the volume data, a
higher upswing is seen on the stock price. Trader or investor can accumulate for the target
of Rs.999/1040 level, with Rs. 917 stop loss on closing basis.
I explored good information on CEAT over here. learning such updates further helps in deciding whether to invest in these stocks or not. Accurate stock futures tips can be helpful for earning good returns.
ReplyDelete