Elliot Wave View: Cavi Elettrici E Affini Torino (CEAT LTD) Preparing for next move ahead

It was March 19th, 2020, and the world appeared to be coming to an end. Governments around the globe were rushing to impose lockdowns to curb the spread of COVID-19. The entire world economy was suddenly stopped in its tracks. Indian stocks suffered their fastest fall into a bear market in history, down over 28% in just a month. Yet, against that backdrop, we thought stocks were starting to look promising. One company we examined earlier was CEAT Ltd

Ceat Ltd Crash Ended at a Fibonacci Support level at 38.2%, based on Elliot wave theory it states that once a correction is over the preceding trend resumes.Ceat seems to have ended the wave (iv) pullback

"Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off." — Carlos Slim Helu

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