Posted On: July 26, 2023

Stock Report : INDORAMA (NSE) 25 Jul 2023

Outlook: BEARISH

Sector: Consumer Cyclical  

Industry: Textile Manufacturing

INDORAMA is one of the leading polyester manufacturers in the country, the company mainly supplies polyester chips, polyester staple fibres (PSF), polyester filament yarns (POY/FDY) and draw textured yarn (DTY). The site operates in a 207-acre production site based in central India.

#xCalData predicts that # INDORAMA will continue its bearish phase over the next five days and trend within the range of 46 to 43. 

In comparison to the previous month, the price of the stock has experienced a decline of 8.22% indicating a bearish. 

 The Stock has doubled once since 07 May 2015 and took an average of 3.4 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 ASI 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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