Is Chemplast Sanmar technically bullish or bearish?
As of October 1, 2025, Chemplast Sanmar's technical trend has shifted to bearish, driven by negative signals from key indicators like the MACD and Bollinger Bands, despite some divergence in longer time frames.
As of 1 October 2025, the technical trend for Chemplast Sanmar has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this stance include the weekly MACD and KST both showing bearish signals, alongside bearish readings from Bollinger Bands and daily moving averages. The weekly Dow Theory indicates a mildly bearish trend, while the monthly MACD remains mildly bullish, suggesting some divergence in longer time frames. Overall, the bearish momentum is reinforced by the stock's significant underperformance compared to the Sensex across multiple time frames.
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