Is Balu Forge technically bullish or bearish?
As of 20 October 2025, Balu Forge's technical trend has shifted to bearish, with weekly indicators like the MACD and KST signaling weakness, despite mildly bullish daily moving averages, and the stock has underperformed against the Sensex.
As of 20 October 2025, the technical trend for Balu Forge has changed from mildly bullish to sideways. The current technical stance is bearish, primarily driven by the weekly MACD and KST both indicating mildly bearish conditions, along with the Bollinger Bands showing a bearish signal. The daily moving averages are mildly bullish, but this is overshadowed by the overall bearish signals from the weekly indicators. The RSI shows no signal on both weekly and monthly time frames, indicating a lack of momentum. The stock has underperformed significantly compared to the Sensex over various periods, further reinforcing the bearish outlook.
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