Is Ester Industries technically bullish or bearish?

Aug 01 2025 08:01 AM IST
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As of July 31, 2025, Ester Industries is in a bearish trend with moderate strength, driven by bearish indicators such as the MACD, Bollinger Bands, and moving averages, despite some mixed signals from the KST and Dow Theory.
As of 31 July 2025, the technical trend for Ester Industries has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include a bearish MACD on the weekly chart, bearish Bollinger Bands on both weekly and monthly time frames, and a bearish moving average on the daily chart. The KST shows a mildly bullish signal on the weekly but is mildly bearish monthly, indicating mixed signals. The Dow Theory is mildly bearish weekly and mildly bullish monthly, adding to the complexity. Overall, the bearish indicators dominate, suggesting a negative outlook for the stock.
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