Is Bajaj Steel Inds technically bullish or bearish?

Sep 28 2025 08:07 AM IST
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As of September 26, 2025, Bajaj Steel Inds is in a bearish trend with moderate strength, indicated by bearish MACD, Bollinger Bands, and moving averages, despite a mildly bullish signal from Dow Theory on the weekly chart.
As of 26 September 2025, the technical trend for Bajaj Steel Inds has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this assessment include a bearish MACD on the weekly chart, bearish Bollinger Bands, and bearish moving averages on the daily timeframe. The KST is also bearish on the weekly chart, while the Dow Theory shows a mildly bullish signal on the weekly but is mildly bearish on the monthly. Overall, the combination of these indicators suggests a prevailing bearish sentiment in the market.
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