Stock of Interest

Posted On: August 21, 2023

Stock Report: HAL(NSE) 20 Aug 2023 

Hindustan Aeronautics Ltd operates in the aerospace and defence sector. The company is engaged in the design, manufacturing, and development of products like aircraft, helicopters, systems and accessories, power plants, avionics, materials like castings, rolled rings, rubber products, and aerospace which include structures, tanks, and cryogenic engines. Geographically the company derives revenue from India and other countries, of which most of the revenue is generated from India.

#xCalData predicts that # HAL will continue its bearish phase over the next five days and trend within the range of 3714 to 3967.  

In comparison to the previous month, the price of the stock has experienced a decline of -1.62% indicating a bearish.

The Stock has doubled twice since 25 Oct 2018 and took an average of 2.3 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 4 years in the past. 

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

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

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