Is Elecon Engg.Co technically bullish or bearish?
As of October 10, 2025, the technical trend is mildly bearish, indicated by bearish MACD readings, Bollinger Bands, and KST, despite some mildly bullish daily moving averages and mixed signals from Dow Theory.
As of 10 October 2025, the technical trend has changed from mildly bullish to mildly bearish. The current technical stance is mildly bearish, driven by the weekly and monthly MACD readings, both indicating a bearish trend. The Bollinger Bands also reflect a bearish outlook on both time frames. The KST is bearish weekly and mildly bearish monthly, while the Dow Theory shows a mixed signal with a mildly bearish weekly stance and a mildly bullish monthly stance. Although the daily moving averages are mildly bullish, they are not strong enough to counteract the overall bearish indicators. The stock has underperformed significantly compared to the Sensex over various periods, further supporting the bearish sentiment.
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