Mynewest trade idea, CEAT , presents us with an opportunity for significant downside over the short term. The exact amount of downside and amount of profits for grabs totals an amazing 75-123 points—all or most of which you can grab the profit in couple of day. First, look at the chart for the trade level and with risk factor.
As per chart researched, this stock has good opportunity to sell 1400 nearby. There’re risk is involved 1410 above closing. Two type of targets are mentioned in chart. If you want to trade, Risk and reward ration is good gap.