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CEAT Tyres

Discussion in 'Technical Analysis' started by sanjay_sansanwal, Aug 21, 2012.

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  1. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Ceat is also looking very good @ cmp 119.5 today it break its 52 week as well as may 2011 high too with strong volume support.
    I think this is good buy @ cmp with stoploss of 100.
     
    sanjay_sansanwal, Aug 21, 2012
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  2. sujan4bw

    sujan4bw Member

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    Yes it looks good. All tyre stocks are going strong.
    Apollo
    Ceat
    Jk Tyre
     
    sujan4bw, Aug 21, 2012
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  3. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    U r right, what is the reason for that ? Any idea.
     
    sanjay_sansanwal, Aug 21, 2012
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  4. sujan4bw

    sujan4bw Member

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    Because of softening of the raw material prices for making tyres.
     
    sujan4bw, Aug 21, 2012
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  5. sujan4bw

    sujan4bw Member

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    For Apollo, New plant is set up some where in UP.
     
    sujan4bw, Aug 21, 2012
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  6. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Thanks for information by the way we forget Mrf it is also zooming but out of reach.
     
    sanjay_sansanwal, Aug 21, 2012
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  7. masihpatel

    masihpatel Active Member

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    Confusing...Confusing, Which one now Apollo or CEAT?:)
     
    masihpatel, Aug 21, 2012
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  8. sanjay_sansanwal

    sanjay_sansanwal Contributor

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    Any one in which u feel more comfortable.
    Point to remember before investing apolo is making new highs where ceat is @ 52 weeks high.
     
    sanjay_sansanwal, Aug 21, 2012
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  9. masihpatel

    masihpatel Active Member

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    Then we can expect profit booking in Apollo.
     
    masihpatel, Aug 21, 2012
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  10. masihpatel

    masihpatel Active Member

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    Took position in CEAT at 122.
     
    masihpatel, Aug 22, 2012
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