Is Enkei Wheels technically bullish or bearish?

Oct 19 2025 08:06 AM IST
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As of October 17, 2025, the market trend has shifted to a bearish stance with moderate strength, driven by bearish daily moving averages, a bearish monthly MACD, and confirmation from Bollinger Bands, despite a bullish monthly RSI.
As of 17 October 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include the daily moving averages indicating bearish momentum, the weekly MACD showing mildly bullish but the monthly MACD being bearish, and both the weekly and monthly Bollinger Bands confirming a bearish outlook. The KST is also bearish on both weekly and monthly time frames. Although the monthly RSI is bullish, the overall trend and other indicators suggest a bearish sentiment prevailing in the market.
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