Posted On: July 4, 2023
Stock Report : TI (NSE) 3 Jul 2023
Outlook: Bearish
Tilaknagar Industries is a leading producer of consumable spirits, including IMFL (Indian-made Foreign Liquor), gin, vodka and Scotch. Its most popular brands are Madira Rum and Mansion House brandy, which are among the biggest-selling spirits in their respective categories.
xCalData predicted that TI will continue its bearish phase over the next five days.
During this period, the price trend of TI is expected to fall within the range of 134 to 146.
Based on the analysis of technical ratios for the stock, the overall sentiment leans towards the bearish side, suggesting a potential downward trend in its price. One notable indicator, the Williams %R, shows a bearish signal. This indicator measures the momentum of the stock and indicates if it is overbought or oversold. The bearish reading suggests that the stock is in an oversold condition and may experience further price declines. However, it is worth noting that the Moving Average Convergence Divergence (MACD) indicator shows a bullish signal. The MACD is a trend-following momentum indicator that calculates the relationship between two moving averages.
xCalData forecasts, the stock price to continue its bearish trend for the next five days, indicating a projected decline in price during this period. This forecast suggests that investors may observe a downward movement in the stock’s value over the specified timeframe.
In comparison to the previous month, the price of the stock has experienced a decline of 6.6%. This decrease indicates a negative movement in the stock’s price during that period. It’s important to note that a 6.6% decline over one month is a significant drop, and it suggests a bearish sentiment in the market.
TI has doubled 3 times since 2015 and took an average of 2.6 years to double.
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