Stock of Interest

Posted On: August 3, 2023

Stock Report: CEATLTD (NSE) 02 Aug 23 

CEAT Ltd is an Indian multinational company and a prominent player in the tire manufacturing industry. Established in 1958, it is one of India’s leading tire manufacturers, producing a wide range of tires for various vehicles, including cars, motorcycles, trucks, and agricultural vehicles. The company is known for its innovative products, cutting-edge technology, and a strong distribution network. With a focus on quality and customer satisfaction, CEAT has garnered a significant market share both in India and globally, making it a key player in the global tire market. 

#xCalData predicts CEATLTD will continue its Bullish phase over the next five days and trend in the range of 2364 to 2560. 

In comparison to the previous month, the price of the stock has experienced an increase of 17.27% indicating a Bullish. 

The Stock has doubled once since 09 Jun 2015 and took an average of 0.3 years to double.

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 3 years in the past. 

Majority of the technical ratios trend towards Bullish side of the spectrum. only ASI, HeikinAshi, OBV and RVI indicates bearish trend. 

Collectively, xCalData suggests the stock would be in Bullish zone for next 5 days. 

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

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