Posted On: September 28, 2023

Stock Report: GOCLCORP(NSE) 27 Sep 2023

Outlook: Bearish

Sector: Basic Materials

Industry: Specialty Chemicals

GOCL Corp Ltd is an investment holding company. The company operates in two segments namely Energetics and Explosives and Realty. The vast majority of the revenue is generated from the Energetics and explosives segment which is engaged in the manufacturing of accessories and cartridge explosives and bulk explosives for mining and infrastructure projects and manufacturing of special precision detonators for special applications by the defense, space, and other agencies. Geographically, it derives a majority of its revenue from India.

#xCalData predicts that # GOCLCORP will continue its bearish phase over the next five days and trend within the range of 391 to 434. 

In comparison to the previous month, the price of the stock has experienced a decline of 2.12% indicating a bearish.

The Stock has doubled twice since 11 Dec 2015 and took an average of 1.0 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 3 years in the past. 

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

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

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