Breakout Stocks: How to trade CEAT, Mazagon Dock and Bharat Electronics that hit fresh 52-week high? – Market Summary – News Air Insight

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Recently, this stock gave a breakout from a weekly channel pattern, and in today’s session, it succeeded in closing above its swing high of Rs 340.50.

Now, the Rs 320–300 zone should act as strong support. On the upside, the stock is expected to move up by another 15–18% in the medium term. RSI is slightly lagging and is yet to enter the super bullish zone.

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)



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