Is Century Enka technically bullish or bearish?
As of September 24, 2025, Century Enka's technical trend is bearish with moderate strength, driven by bearish daily moving averages, Bollinger Bands, and underperformance against the Sensex, despite a mildly bullish weekly MACD.
As of 24 September 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Century Enka is bearish with moderate strength. Key indicators driving this stance include the daily moving averages which are bearish, and the Bollinger Bands indicating bearish conditions on both weekly and monthly time frames. Additionally, the Dow Theory supports a mildly bearish outlook on both weekly and monthly scales. While the weekly MACD shows mildly bullish momentum, it is countered by the overall bearish signals from other indicators. The stock has underperformed significantly compared to the Sensex over multiple time frames, further reinforcing the bearish sentiment.
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