Is Heranba Inds technically bullish or bearish?

Sep 17 2025 08:08 AM IST
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As of September 16, 2025, the market trend is mildly bearish due to bearish signals from the weekly MACD and RSI, despite some conflicting mildly bullish daily moving averages.
As of 16 September 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD indicating a bearish momentum, alongside a bearish RSI on the same time frame. The Bollinger Bands are signaling a sideways trend weekly, but monthly they are bearish, further supporting the bearish outlook. The daily moving averages are mildly bullish, which adds some conflicting signals. Overall, the weakness in the weekly indicators and the negative returns compared to the Sensex over multiple periods reinforce the bearish sentiment.
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