Is Balmer Lawrie technically bullish or bearish?

As of 26 September 2025, the technical trend for Balmer Lawrie has changed from mildly bullish to sideways. The current technical stance is bearish, with key indicators supporting this view. The MACD is mildly bearish on both the weekly and monthly time frames, while Bollinger Bands also indicate a bearish trend in both time frames. The KST aligns with this bearish sentiment on the weekly and monthly charts. Although the daily moving averages show a mildly bullish signal, the overall market performance has been weak, with the stock down 6.02% over the past week compared to a 2.66% decline in the Sensex. The OBV is bullish on both weekly and monthly time frames, but this is overshadowed by the prevailing bearish indicators. Overall, the strength of the bearish stance is moderate, given the mixed signals across different time frames.