Is Allied Digital technically bullish or bearish?

Oct 21 2025 08:22 AM IST
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As of October 20, 2025, the market trend is mildly bearish, indicated by daily moving averages and weekly Dow Theory, despite some mixed signals from weekly MACD and KST, suggesting caution due to significant underperformance compared to the Sensex.
As of 20 October 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating bearish momentum and the weekly Dow Theory also reflecting a mildly bearish outlook. While the weekly MACD and KST show mildly bullish signals, the monthly indicators, including MACD and Bollinger Bands, lean towards bearish. The stock has underperformed significantly compared to the Sensex over various time frames, particularly in the 1Y and YTD periods. Overall, the mixed signals suggest caution in the current market environment.
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