Is Den Networks technically bullish or bearish?
As of September 1, 2025, the technical trend is mildly bearish due to negative signals from the MACD and Bollinger Bands on weekly and monthly timeframes, despite some mildly bullish indications from daily moving averages and Dow Theory.
As of 1 September 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by bearish signals in both the weekly and monthly MACD and Bollinger Bands. The KST is also mildly bearish on the weekly timeframe. While the daily moving averages indicate a mildly bullish stance, the overall trend is influenced by the bearish indicators across longer timeframes. The Dow Theory shows a mildly bullish signal on the weekly but no trend on the monthly, adding to the mixed signals. Overall, the strength of the bearish stance is supported by the negative returns over multiple periods, particularly the year-to-date and one-year returns, which are significantly underperforming compared to the Sensex.
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