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ACADEMICIA: An International Multidisciplinary Research Journal
Year : 2020, Volume : 10, Issue : 5
First page : ( 249) Last page : ( 265)
Online ISSN : 2249-7137.
Article DOI : 10.5958/2249-7137.2020.00414.0

Analysing the impact of covid-19 on stock market using fibonacci retracements

Jain Esha*

School of Management, The NorthCap University, Gurugram, India

* Email id: dr.eshajain1985@gmail.com

Online published on 30 June, 2020.


The purpose of this study is to analyse the impact of COVID19 on stock market, presentation and description of technical analysis tools based on the Fibonacci sequence with an emphasis on price patterns created using Fibonacci numbers. It also presented the Fibonacci sequence and the golden ratios and found that metal stocks traded at lower valuation due to slumping metal prices and demand. Similarly, oil and gas stocks traded at trough valuations due to lower oil and-gas prices, lower demand, and lower margins. Zee Entertainment‘s valuations have been lower-due to weak business outlook, given the economic slowdown due to COVID-19 pandemic. It was also observed that due to this pandemic, investors do not want to invest in the shares because today everyone wants liquidity cash but for the new investors this is a good time to invest in the shares because all the shares are buying at less price and suggested that at this time investors have to buy the shares of the company which falls slowly and not always fall like a little bit falling.



COVID-19, Economic Slowdown, Fibonacci Retracements, Nifty 50, Pandemic, Stock Market.


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