Posted On: August 2, 2023

Stock Report: ARVINDFASN(NSE) 01 Aug 2023 

Outlook: BEARISH

Sector: Consumer Cyclical 

Industry: Apparel Manufacturing

Arvind Limited (formerly Arvind Mills) is a textile manufacturer and the flagship company of the Lalbhai Group. Its headquarters are in Naroda, Ahmedabad, Gujarat, India, and it has units at Santej (near Kalol). The company manufactures cotton shirting, denim, knits, and bottom weight fabrics. It has also recently ventured into technical textiles with its Advanced Materials Division.

#xCalData predicts that # ARVINDFASN will continue its bearish phase over the next five days and trend within the range of 314 to 334. 

In comparison to the previous month, the price of the stock has experienced a decline of 8.49% indicating a bearish.

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 4 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 Bearish side of the spectrum. Only some of the technical indicators namely OBV indicate Bullish view. 

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

#xCalData is an exceptional app available for Android devices that offers unbiased insights into stocks, allowing investors to make informed decisions. With its user-friendly interface and comprehensive features, xCalData provides a valuable resource for anyone interested in the stock market.  Download the app from google play. 

For Actionable Intelligence, subscribe to xCalData app on Android devices: https://tinyurl.com/downloadxCalData

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