Is Eimco Elecon(I) technically bullish or bearish?

Nov 05 2025 08:32 AM IST
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As of November 4, 2025, the technical trend has shifted to a bearish stance with moderate strength, indicated by bearish MACD, Bollinger Bands, and moving averages, despite a mildly bullish OBV.
As of 4 November 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include the bearish MACD on the weekly chart, bearish Bollinger Bands on both weekly and monthly time frames, and bearish moving averages on the daily chart. The KST is also bearish on the weekly chart, while the Dow Theory shows a mildly bearish stance on the weekly time frame. Despite a mildly bullish OBV on the weekly, the overall technical picture remains negative.
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