Posted On: September 15, 2023

Stock Report: SREEL(NSE) 14 Sep 2023

Outlook: Bullish

Sector: Consumer Cyclical

Industry: Footwear & Accessories

Sreeleathers Ltd operates in the footwear industry. The company is primarily engaged in the business of dealing with all kinds of footwear and leather accessories. In addition, it is engaged as a retailer and wholesaler of footwear and leather articles. The company’s products include formals, canvas, chappal, casual, sandal, and shoe.

#xCalData predicts that # SREEL will continue its bullish phase over the next five days and trend within the range of 238 to 270.    

In comparison to the previous month, the price of the stock has experienced an increase of 14.04% indicating a bullish.

The Stock has doubled once since 29 Dec 2015 and took an average of 2.0 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 Bullish side of the spectrum. Only some of the technical indicators namely OBV indicate Bearish view. 

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

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