Is Ashoka Buildcon technically bullish or bearish?

Sep 18 2025 08:07 AM IST
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As of September 17, 2025, the market trend is mildly bearish, supported by bearish indicators like the MACD and KST, while mixed signals from the Dow Theory and OBV suggest caution.
As of 17 September 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and KST both indicating bearish conditions, while the moving averages on the daily time frame also suggest a mildly bearish outlook. The Bollinger Bands are consistent with this view on both weekly and monthly time frames. However, the weekly Dow Theory shows a mildly bullish signal, and the OBV indicates mild bullishness as well, which adds some complexity to the overall assessment. The RSI shows no signal on both weekly and monthly charts, indicating a lack of momentum. Overall, the indicators suggest a cautious bearish sentiment with some mixed signals in the shorter time frames.
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