Is Apeejay Surrend. technically bullish or bearish?

Oct 25 2025 08:19 AM IST
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As of October 24, 2025, the market trend is mildly bearish, supported by bearish MACD and daily moving averages, despite some bullish signals from the RSI.
As of 24 October 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish with key indicators supporting this view. The MACD on a weekly basis is bearish, while the RSI indicates a bullish signal on the weekly timeframe, suggesting some strength but not enough to overcome the overall bearish sentiment. Bollinger Bands are also indicating a mildly bearish trend on both weekly and monthly timeframes. Daily moving averages remain bearish, reinforcing the negative outlook. The Dow Theory shows no trend in both weekly and monthly assessments, indicating a lack of clear direction. Overall, while there are some bullish signals from the RSI, the prevailing indicators suggest a mildly bearish stance.
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