Posted On: July 6, 2023
Stock Report : TCIEXP (NSE) 5 Jul 2023
Outlook: Bearish
TCI XPS was established in 1996 as one of the foremost divisions of Transport Corporation of India (TCI), India’s most admired logistics company. Today TCI XPS has been hived off to become TCI EXPRESS LIMITED, an independent company listed with stock exchanges of India.
xCalData forecasts TCIEXP will continue its bearish phase over the next five days.
During this period, TCIEXP is expected to fall within the range of 1460 to 1533
In comparison to the previous month, the price of the stock has experienced a decline of 5.92%. This decrease indicates a negative movement in the stock’s price during that period. It’s important to note that a 5.92% decline over one month is a significant drop, and it suggests a bearish sentiment in the market.
The technical ratios analysed for the stock point predominantly towards a bearish sentiment, suggesting a potential downward trend in its price. One noteworthy indicator, the Money Flow Index (MFI), also indicates a bearish outlook. The MFI measures the flow of money into and out of a stock, and its bearish indication suggests a higher selling pressure compared to buying pressure. However, in contrast, the Accumulative Swing Index (ASI) shows a bullish signal. The ASI considers both price and volume to determine the strength of a trend, and its bullish reading suggests a positive outlook for the stock.
TCIEXP stock has doubled thrice since 2016. It takes an average of 1.7 years to double.
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Disclaimer: The securities quoted are for illustration only and are not recommendatory.