Is Elgi Equipments technically bullish or bearish?
As of November 6, 2025, Elgi Equipments shows a mildly bearish trend, with mixed signals from indicators like MACD, moving averages, and Bollinger Bands suggesting a cautious approach.
As of 6 November 2025, the technical trend for Elgi Equipments has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD on a weekly basis is mildly bullish, but the monthly MACD remains bearish. The moving averages on a daily basis indicate a mildly bearish trend. Both the Bollinger Bands and KST show bearish signals on a weekly and monthly basis. The Dow Theory presents a mildly bullish outlook on the weekly timeframe, while the monthly shows no trend. Overall, the mixed signals suggest a cautious approach, with the bearish indicators outweighing the bullish ones in the current context.
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