Is Eimco Elecon(I) technically bullish or bearish?

Sep 03 2025 08:09 AM IST
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As of September 2, 2025, Eimco Elecon(I) has shifted to a mildly bearish trend, with bearish indicators from MACD, KST, and Dow Theory, despite daily moving averages showing mild bullishness, and the stock has underperformed the Sensex over the past year.
As of 2 September 2025, the technical trend for Eimco Elecon(I) has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, driven by the weekly and monthly MACD, KST, and Dow Theory all indicating bearish momentum. Bollinger Bands also confirm a bearish outlook on both weekly and monthly time frames. Although daily moving averages show a mildly bullish signal, the overall trend is being dominated by the bearish indicators. The stock has significantly underperformed the Sensex over the past year, further supporting the bearish sentiment.
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