Is Bharat Wire technically bullish or bearish?

Aug 12 2025 08:12 AM IST
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As of August 11, 2025, the technical trend is mildly bearish due to bearish signals from MACD and Bollinger Bands, despite some mildly bullish daily moving averages, with the stock underperforming against the Sensex over the past month and year.
As of 11 August 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by bearish signals in the MACD and Bollinger Bands on both weekly and monthly time frames. The KST is also mildly bearish on the weekly and bearish on the monthly. While the daily moving averages show a mildly bullish signal, the overall context is overshadowed by the bearish indicators. The Dow Theory indicates no trend on the weekly but is mildly bullish on the monthly, adding some complexity to the analysis. The stock has underperformed significantly compared to the Sensex over the past month and year, further supporting the bearish outlook.
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