Posted On: August 8, 2023

Stock Report: HERANBA (NSE) 07 Aug 2023 

Outlook: BEARISH

Sector: Basic Materials    

Industry: Agricultural Inputs 

Heranba Industries Limited, an Indian company established in 1992, has firmly established its presence in the agricultural and chemical industries. With its headquarters situated in India, the company has steadily grown over the years and currently boasts a workforce of 818 employees as of 2023. A notable subsidiary under its umbrella is Chang Zhou Heranba Crop Science and Technology CO., LTD. The company’s stock, listed under the symbol HERANBA on the National Stock Exchange (NSE), reflects its standing in the financial markets. Heranba Industries Limited continues to make significant strides in the realm of agrochemicals, exemplifying its commitment to innovation and growth.

#xCalData predicts that #HERANBA will continue its bearish phase over the next five days and trend within the range of 372 to 343.  

In comparison to the previous month, the price of the stock has experienced a decline of 8.47% indicating a bearish.

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 positive returns in 2 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Some of the technical indicator namely MFI, Stochastic Oscillator indicates Bullish view. 

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

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