Is Elecon Engg.Co technically bullish or bearish?

Oct 13 2025 08:07 AM IST
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As of October 10, 2025, the technical trend has shifted to mildly bearish, supported by bearish MACD readings, Bollinger Bands, and KST indicators, despite some mixed signals from Dow Theory and daily moving averages.
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 sentiment. The Bollinger Bands also confirm 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. The daily moving averages are mildly bullish, but this is overshadowed by the overall bearish indicators. The stock has underperformed significantly compared to the Sensex over multiple time frames, further supporting the bearish sentiment.
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