Posted On: August 1, 2023

Stock Report: HFCL (NSE) 31 Jul 2023 

Outlook: BEARISH

Sector: Technology 

Industry: communication Equipment   

HFCL Limited is an Indian technology company, based in Gurugram, India. It designs, develops, manufactures Telecommunications equipment, Fiber-optic cables, and other related electronics. 

#xCalData predicts that # HFCL will continue its bearish phase over the next five days and trend within the range of 62 to 65. 

In comparison to the previous month, the price of the stock has experienced a decline of 1.47% indicating a bearish.

The Stock has doubled thrice since 09 Jun 2015 and took an average of 2 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 OBV,RVI indicate Bullish view. 

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

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