Is Essar Shipping technically bullish or bearish?

Sep 18 2025 08:08 AM IST
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As of September 17, 2025, Essar Shipping's technical trend is mildly bearish, indicated by bearish MACD and KST readings, mildly bearish Bollinger Bands, and daily moving averages, despite a mildly bullish signal from Dow Theory.
As of 17 September 2025, the technical trend for Essar Shipping has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD is bearish on the weekly chart and mildly bearish on the monthly chart, while the Bollinger Bands also reflect a mildly bearish sentiment on both time frames. The daily moving averages indicate a mildly bearish trend. The KST is bearish weekly and mildly bearish monthly, and the OBV shows a mildly bearish position as well. Despite a mildly bullish signal from Dow Theory on the weekly chart, the overall technical indicators suggest a lack of strong upward momentum.
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