Posted On: August 30, 2023

Stock Report: GESHIP(NSE) 29 Aug 2023 

Outlook: BEARISH

Sector: Industrials

Industry: Marine Shipping

Great Eastern Shipping Co Ltd is a shipping company. It is involved in the bulk shipping business such as transportation of crude oil, petroleum products, gas, and dry bulk commodities. The company organizes itself into two segments: shipping and offshore. It generates a majority of its revenue from the Shipping business.

#xCalData predicts that #GESHIP will continue its bearish phase over the next five days and trend within the range of 730 to 772. 

In comparison to the previous month, the price of the stock has experienced a decline of 1.32% indicating a bearish.

The Stock has doubled once since 29 Apr 2015 and took an average of 7.6 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.

#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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