Ceat tyre was in uptrend
however stock on weekly chart was making multiple wicks at higherareas.
the stock was trading near earlier resistance.
The RSI indicator suggested heavily overbought with above 2 things into place.
also along with this there was a lower high formation too! indicating supply !
however stock on weekly chart was making multiple wicks at higherareas.
the stock was trading near earlier resistance.
The RSI indicator suggested heavily overbought with above 2 things into place.
also along with this there was a lower high formation too! indicating supply !
