Posted On: August 31, 2023

Stock Report: CLSEL(NSE) 30 Aug 2023 

Outlook: Bullish

Sector: Consumer Defensive

Industry: Packaged Foods

Chaman Lal Setia Exports Ltd manages rice mills in India. It produces raw basmati rice and par boiled basmati rice. The company’s diverse product line covers products, such as Sella Rice, Bhatti Sella, Rice for Diabetic peoples, Smoked rice, and Pesticide Residue free rice. It has only one product segment that is Manufacturing, trading and marketing of the rice. Its basmati product range includes Mithas Basmati Rice, Begum Basmati Rice and Nezzah Indian Basmati Rice.

#xCalData predicts that # CLSEL will continue its bullish phase over the next five days and trend within the range of 202 to 230. 

In comparison to the previous month, the price of the stock has experienced an increase of 15.33% indicating a bullish.

The Stock has doubled once since 29 Nov 2021 and took an average of 1.3 years to double. 

The stock has not shown seasonality trend in the past.

Reviewing the returns for the past 2 years for the same week, we see the stock has given negative returns in 1 years in the past.  

Majority of the technical ratios trend towards Bullish side of the spectrum. Only some of the technical indicators namely Heikin Ashi indicate Bearish view.  

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

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