Is Balmer Lawrie technically bullish or bearish?

Oct 06 2025 08:08 AM IST
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As of October 3, 2025, Balmer Lawrie's technical trend is mildly bearish, supported by bearish MACD readings and Bollinger Bands, despite some conflicting bullish signals from daily moving averages.
As of 3 October 2025, the technical trend for Balmer Lawrie has changed from sideways to mildly bearish. The current stance is mildly bearish, supported by the weekly and monthly MACD readings, which both indicate a bearish sentiment. The Bollinger Bands also reflect a mildly bearish trend on the weekly and a bearish trend on the monthly. Additionally, the KST and OBV on the weekly are mildly bearish, while the moving averages on the daily show a mildly bullish signal, which is a counterpoint but not strong enough to override the overall bearish indicators. The lack of clear trends in the Dow Theory further emphasizes the uncertainty in the market. Overall, the bearish indicators dominate, suggesting a cautious outlook for Balmer Lawrie.
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