Is Danish Power technically bullish or bearish?

Nov 07 2025 08:16 AM IST
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As of November 6, 2025, the technical trend is bearish with moderate strength, indicated by bearish MACD, Bollinger Bands, and moving averages, despite a mildly bullish On-Balance Volume signal on the weekly timeframe.
As of 6 November 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include a bearish MACD on the weekly timeframe, bearish Bollinger Bands on the weekly, and bearish moving averages on the daily. The Dow Theory indicates a mildly bearish trend on the monthly timeframe, while the On-Balance Volume shows a mildly bullish signal on the weekly, which contrasts with the overall bearish sentiment. The stock has underperformed significantly year-to-date compared to the Sensex, further reinforcing the bearish outlook.
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