Is Amic Forging technically bullish or bearish?
As of 11 August 2025, Amic Forging's trend has shifted to a bearish stance with mild strength, supported by weekly MACD, RSI, and Bollinger Bands, despite daily moving averages showing mild bullishness, indicating overall weakness compared to the Sensex.
As of 11 August 2025, the technical trend for Amic Forging has changed from mildly bullish to sideways. The current stance is bearish with mild strength, primarily driven by the weekly MACD and RSI indicating bearish momentum. The Bollinger Bands also reflect a bearish outlook on the weekly timeframe. While the daily moving averages show a mildly bullish signal, the overall weekly indicators, including Dow Theory and KST, reinforce the bearish sentiment. The stock has underperformed significantly over the past month and year compared to the Sensex, further indicating weakness in the current trend.
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