Wednesday, April 1, 2015

EW Analysis On Ceat Ltd.

Shown above is the daily chart of Ceat Ltd. As we can see that the stock is in a correction phase in a triangle marked by the points a,b,c,d and e respectively. According to the 60 minutes chart it seems to have completed it's e wave. Therefore, I am expecting the stock to show some correction till levels below 700 and maintaining a stop loss at 842. Visit for more calls.