Is Essar Shipping technically bullish or bearish?

Oct 02 2025 08:16 AM IST
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As of October 1, 2025, Essar Shipping has a mildly bearish outlook due to mixed technical indicators, with daily moving averages and Bollinger Bands showing bearishness, while the weekly MACD is mildly bullish and the RSI indicates a lack of momentum.
As of 1 October 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish outlook and the weekly KST also showing bearishness. The MACD on a weekly basis is mildly bullish, but the monthly MACD is mildly bearish, creating a mixed signal. The Bollinger Bands are bearish on the weekly and mildly bearish on the monthly, further supporting the bearish sentiment. The Dow Theory indicates a mildly bullish stance on the weekly, but with no trend on the monthly, contributing to the overall neutral strength. The RSI shows no signal on both weekly and monthly time frames, indicating a lack of momentum. Overall, the mixed indicators suggest a mildly bearish outlook for Essar Shipping.
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