Is Davangere Sugar technically bullish or bearish?

Oct 17 2025 08:13 AM IST
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As of October 16, 2025, the technical trend is mildly bearish, with mixed signals across time frames, indicating a cautious outlook due to prevailing bearish tendencies in the longer term.
As of 16 October 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish with some mixed signals across different time frames. The weekly MACD is mildly bullish, but the monthly MACD is mildly bearish, indicating a divergence in momentum. The Bollinger Bands show a mildly bullish signal on the weekly chart but are bearish on the monthly. Moving averages on the daily chart are bearish, while the KST is bullish weekly but bearish monthly. Dow Theory presents a mildly bearish view on the weekly and mildly bullish on the monthly. Overall, the indicators suggest a cautious outlook with bearish tendencies prevailing in the longer term.
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