Stock of Interest
Posted On: July 1, 2023
Stock Report : ORIENTBELL (NSE) 30 Jun 2023
Outlook: Bearish
ORIENTBELL is an Indian ceramic tile manufacturing company. They specialize in the production of a wide range of ceramic and vitrified tiles for both residential and commercial applications. The company was established in 1977 and has since grown to become one of the leading tile manufacturers in India.
According to the analysis conducted by xCalData, it is predicted that ORIENTBELL will continue its bearish phase over the next five days.
During this period, the price trend of ORIENTBELL is expected to fall within the range of 499 to 524.
Most of the technical ratios analysed for the stock lean towards the bearish side, indicating a potential downward trend in its price.
Notably, the Relative Strength Index (RSI) strongly supports this bearish view, reflecting a decline in the stock’s price momentum. However, it is worth mentioning that not all indicators align with this bearish sentiment.
The Accumulative Swing Index (ASI) suggests a more bullish outlook, indicating a potential increase in buying pressure.
Collectively, the technicals indicate a downward trend to the specified timeframe.
xCalData offers unbiased insights into stocks.
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Disclaimer: The securities quoted are for illustration only and are not recommendatory
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