Is Enkei Wheels technically bullish or bearish?

Oct 18 2025 08:12 AM IST
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As of October 17, 2025, the technical outlook for Enkei Wheels is bearish, with stronger bearish indicators outweighing mixed signals from MACD and RSI.
As of 17 October 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. The weekly MACD is mildly bullish, but the monthly MACD is bearish, indicating mixed signals. The RSI shows no signal on the weekly chart but is bullish on the monthly, suggesting potential for upward movement. However, both the weekly and monthly Bollinger Bands are bearish, and moving averages on the daily chart confirm a bearish trend. The KST is bearish on both weekly and monthly time frames, and Dow Theory indicates no trend on the weekly but is mildly bullish on the monthly. Overall, the bearish indicators outweigh the bullish signals, leading to a bearish outlook for Enkei Wheels.
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