Is Esab India technically bullish or bearish?

Sep 23 2025 08:12 AM IST
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As of September 22, 2025, the market trend is neutral with mixed indicators, showing a lack of strong momentum and suggesting caution due to no clear bullish or bearish direction.
As of 22 September 2025, the technical trend has changed from mildly bearish to sideways. The current technical stance is neutral, with mixed indicators influencing this view. The weekly MACD is bearish, while the monthly MACD is mildly bearish, indicating a lack of strong upward momentum. The RSI shows no signal on the weekly chart but is bullish on the monthly, suggesting potential for recovery over a longer time frame. Bollinger Bands are bearish on both weekly and monthly charts, reinforcing a lack of upward pressure. Daily moving averages are mildly bullish, providing some short-term support. KST is mildly bearish on the weekly and bearish on the monthly, indicating a weakening trend. Dow Theory shows no trend in both weekly and monthly perspectives, further supporting the neutral stance. Overall, the mixed signals suggest caution, with no clear bullish or bearish trend established at this time.
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