Is Hind.Composites technically bullish or bearish?

Jul 09 2025 08:06 AM IST
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As of July 8, 2025, Hind.Composites shows a mildly bearish trend, with mixed signals from the MACD and moving averages, despite some bullish indications from Bollinger Bands.
As of 8 July 2025, the technical trend for Hind.Composites has changed from sideways to mildly bearish. The weekly MACD indicates a bullish stance, but the monthly MACD is mildly bearish, suggesting mixed signals. The daily moving averages are also mildly bearish, reinforcing the negative outlook. Bollinger Bands show a mildly bullish trend on both weekly and monthly time frames, but this is overshadowed by the overall bearish sentiment from the moving averages and Dow Theory, which is mildly bearish on a weekly basis. The stock has underperformed against the Sensex across multiple time frames, particularly year-to-date and over the past year. Overall, the current technical stance is mildly bearish, driven primarily by the daily moving averages and the monthly MACD.
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