Is Esab India technically bullish or bearish?

Sep 18 2025 08:09 AM IST
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As of September 17, 2025, the market trend is mildly bearish, indicated by weekly MACD and KST signals, despite daily moving averages showing mild bullishness, suggesting caution due to moderate bearish sentiment and underperformance against the Sensex.
As of 17 September 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and KST both indicating a bearish outlook, along with Bollinger Bands confirming a bearish trend. The daily moving averages show a mildly bullish signal, but this is overshadowed by the overall weekly indicators. The RSI on the monthly timeframe remains bullish, but the lack of strong signals in the weekly timeframe suggests caution. Overall, the strength of the bearish sentiment is moderate, with the stock underperforming against the Sensex in the short term.
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