Long

Breakout from Falling Channel with Expansion in CEAT

has been trading inside a well‑defined falling channel for the past few months, marking a corrective phase after the prior uptrend. Now price has pushed above the upper boundary of the channel near 3,950–4,000, signaling a potential trend reversal.

The breakout attempt is supported by improving momentum and a shift toward higher lows. If the stock starts accepting above 4,000, we could see a fast expansion move as trapped sellers exit.

📝 Trade Plan:

Entry: Fresh entry can be considered above 4,020–4,050 on strength.

🚩Stop-Loss: 3,850 (back inside the channel).

🎯Targets:

Target 1 → 4,400 (previous supply zone).
Target 2 → 5,650–5,700 (larger timeframe projection, ~40%+ potential).

💡Pyramiding Strategy:

Enter first lot above 4,050.

Add on continuation above 4,250, trail SL to 3,980.

Add final lot above 4,400 breakout, trail SL to 4,200.

Hold as long as price sustains outside the channel.

🧠Logic Behind Selecting this Trade:

A falling channel typically represents a controlled correction. Once price breaks and sustains above the channel, it often leads to sharp upside as momentum flips. The structure here suggests accumulation at lower levels and potential for a strong reversal leg if buyers maintain control above 4,000.

Keep Learning. Keep Earning.

Let’s grow together 📚🎯

🔴Disclaimer:

This is not an investment advice. Always do your own due diligence before making any trading or investment decision.

Trendxinc

TrendX INC

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