Stock of Interest

Posted On: July 11, 2023

Stock Report : HLEGLAS (NSE) 11 Jul 2023

Outlook: Bullish

Glass-lined machinery and spare parts are produced by HLE Glascoat Limited for usage in a variety of industries. Glass lined reactors, storage tanks, condensors, columns, rotary vacuum dryers, agitated nutche filters, pipes, valves and other accessories are among the company’s products. Customers of HLE Glascoat are located in India. They produce process equipment and supply the chemical and pharmaceutical industries with solutions. They offer you an unparalleled selection of goods and solutions because to their combined expertise in filtration, drying technology, and glass lined equipment.535 people work there.

xCalData predicts that HLEGLAS will continue its bullish phase over the next five days.

During this period HLEGLAS is expected to be within the range of 718 to 692.

Majority of the technical ratios trend towards bullish side of the spectrum. Only 5 of the technical indicators namely ASI, Aroon, Relative strength, Trendline and RVI indicate bearish view.

Collectively, xCalData suggests the stock would be in Bullish zone for this week ending 14^th July.

In comparison to the previous month, the price of the stock declined -0.24%. This indicates a negative momentum and onset of bearish sentiment in the market.

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Disclaimer: The securities quoted are for illustration only and are not recommendatory.