Is Engineers India technically bullish or bearish?

Oct 21 2025 08:21 AM IST
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As of 20 October 2025, the market trend is mildly bearish, supported by bearish MACD readings, Bollinger Bands, and KST indicators, despite a mildly bullish signal from daily moving averages.
As of 20 October 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly and monthly MACD readings, both indicating a bearish sentiment. The Bollinger Bands also reflect a bearish trend on the weekly and mildly bearish on the monthly. The KST is bearish on both time frames, further supporting the bearish outlook. Although the daily moving averages show a mildly bullish signal, the overall indicators suggest weakness in the current price action. The lack of significant signals from the RSI and the Dow Theory indicates no strong trend in the weekly and monthly perspectives.
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