Is Hi-Green Carbon technically bullish or bearish?

Oct 10 2025 08:10 AM IST
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As of October 9, 2025, Hi-Green Carbon's technical trend is mildly bearish, indicated by bearish MACD, RSI, and Bollinger Bands, despite a conflicting bullish signal from Dow Theory and mild accumulation shown by On-Balance Volume.
As of 9 October 2025, the technical trend for Hi-Green Carbon has changed from sideways to mildly bearish. The weekly MACD is indicating bearish momentum, and the RSI is also bearish on the weekly timeframe. Bollinger Bands confirm a bearish stance on the weekly as well. Although the Dow Theory shows a bullish signal on the weekly, the overall sentiment is tempered by the bearish indicators. The On-Balance Volume (OBV) is mildly bullish on the weekly, suggesting some accumulation, but this is overshadowed by the broader bearish signals. Therefore, the current technical stance is mildly bearish, driven primarily by the bearish MACD, RSI, and Bollinger Bands.
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