Posted On: October 9, 2023

Stock Report: DECCANCE(NSE) 06 Oct 2023 

Outlook: Bullish 

Sector: Basic Materials

Industry: Building Materials 

Deccan Cements Ltd is engaged in the manufacturing and marketing of cement in India. It produces cement in form of Clinker, Portland cement, Slag cement and similar. In addition, it is also engaged in the generation of electricity. Its power division includes Thermal, Hydel, and Wind. The firm sells its product under Deccan Cements brand.

#xCalData predicts that # DECCANCE will continue its bullish phase over the next five days and trend within the range of 538 to 567.

  

In comparison to the previous month, the price of the stock has experienced an increase of 0.1% indicating a bullish.

The Stock has doubled twice since 24 Mar 2015 and took an average of 1.4 years to double.

The stock has 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 1 years in the past. 

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

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

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