Is Esab India technically bullish or bearish?

As of 31 October 2025, the technical trend for Esab India has changed from sideways to mildly bearish. The current stance is bearish, with key indicators supporting this view. The MACD is bearish on the weekly timeframe and mildly bearish on the monthly timeframe. Bollinger Bands are bearish on both weekly and monthly charts. The KST is also bearish across both timeframes. While the moving averages indicate a mildly bullish signal on the daily timeframe, the overall sentiment is dampened by the bearish signals from the weekly indicators. The Dow Theory shows a mildly bullish stance on the weekly but is mildly bearish on the monthly, indicating mixed signals. The stock has underperformed significantly compared to the Sensex over various periods, particularly year-to-date and over the past year.