Is Elgi Equipments technically bullish or bearish?

Oct 28 2025 08:30 AM IST
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As of 27 October 2025, Elgi Equipments shows a mildly bearish trend, supported by bearish MACD indicators, moving averages, and Bollinger Bands across multiple time frames, indicating continued weakness in the stock's performance.
As of 27 October 2025, the technical trend for Elgi Equipments has changed from bearish to mildly bearish. The current stance is mildly bearish, with key indicators supporting this view. The MACD is bearish on both the weekly and monthly time frames, and the moving averages indicate a mildly bearish trend on the daily chart. Bollinger Bands also reflect a mildly bearish sentiment on both weekly and monthly time frames. The KST remains bearish, and Dow Theory shows a mildly bearish condition on the monthly chart. Overall, while there is a slight improvement from the previous bearish stance, the technical indicators suggest continued weakness in the stock's performance.
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