Ceat announced its quarterly results on 29.4.2025 and the market gave big thumbsup to its numbers making the stock price surge up to 8% to Rs.3300 at the time of writing.
On the technical charts CEAT is looking very strong for the more upmove ahead. The stock has broken out of its Resitance zone of Rs.3050/3100 with strong volumes.
The stock has retraced 78.6% on 4th April which is considered a very good retracement according to the Fibonacci analysis. By using the Fibonacci extension tool the target for the stock comes to 3551 ( 161.8% target ).
The stock is trading above 11 and 22 days EMA, RSI is at 70 and MACD above zero line signifying bullish momentum. It has also exhausted the Gap created on the daily charts indicating the confidence in the stock.
Not a BUY/SELL RECOMNDATION
On the technical charts CEAT is looking very strong for the more upmove ahead. The stock has broken out of its Resitance zone of Rs.3050/3100 with strong volumes.
The stock has retraced 78.6% on 4th April which is considered a very good retracement according to the Fibonacci analysis. By using the Fibonacci extension tool the target for the stock comes to 3551 ( 161.8% target ).
The stock is trading above 11 and 22 days EMA, RSI is at 70 and MACD above zero line signifying bullish momentum. It has also exhausted the Gap created on the daily charts indicating the confidence in the stock.
Not a BUY/SELL RECOMNDATION
Dagangan aktif
Ceat performing as expected!!! Dagangan ditutup: sasaran tercapai
Achieved Target sooner than expected!!! :-) Happy investing!!!Nota
Crazy Moves in Ceat. This is the power of Fibonacci. Looks like an extended wave. Cheers :-)Nota
Another 4% today. Wow!! 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.