Stock of Interest

Posted On: August 4, 2023

Stock Report: 3MINDIA(NSE) 03 AUG 23 

3M India is a subsidiary of 3M Company, a global conglomerate known for innovation and diverse product offerings. Based in India, 3M India engages in various sectors including industrial, healthcare, consumer, safety, and transportation. The company is recognized for its cutting-edge solutions ranging from adhesive technologies and healthcare products to safety equipment and electronics. With a commitment to sustainability and technological advancement, 3M India continues to contribute to India’s industrial and technological growth. 

#xCalData predicts 3MINDIA will continue its Bullish phase over the next five days and trend in the range of 27855 to 29827.  

In comparison to the previous month, the price of the stock has experienced an increase of 5.29% indicating a Bullish.  

The Stock has doubled twice since 07 Jan 2015 and took an average of 3.1 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 2 years in the past. 

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

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

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