Stock of Interest

Posted On: August 28, 2023

Stock Report: CEATLTD(NSE) 25 Aug 2023

Ceat Ltd is a tire manufacturer that operates within the RPG Group. It has a diverse product portfolio encompassing truck tires, off-the-road (OTR) vehicles, and light commercial vehicle categories. Tires are built to meet a range of specifications, such as ride comfort and low noise for European regulation requirements, in addition to builds that permit higher life targets for more industrial use. 

#xCalData predicts that #CEATLTD will continue its bearish phase over the next five days and trend within the range of 2248 to 2432.

In comparison to the previous month, the price of the stock has experienced a decline of 7.14% indicating a bearish

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

The stock has 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 4 years in the past.

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Relative Strength indicate Bullish view. 

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

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