Ceat has been one of the Leadership stock of the Bull Market. The stock has always rallied pretty strongly from leading moving average i.e. 50 dma and 100 dma.
Ceat is right at 100 dma. Today, it bounced from that level. Here's the Daily Chart
The Big question: Will it follow through and rally with same intensity as in the past? Well, the History is on the side of the stock
Disclaimer – The state of the market notes is Deepak’s perspective on the market. The column is purely for educational purpose. Nothing contained herein is a solicitation to trade or a recommendation of a specific trade. By reading this publication you agree to make no trade relying in whole or in part on the comments of the writers