Is Jyoti CNC Auto. technically bullish or bearish?

Sep 23 2025 08:14 AM IST
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As of September 22, 2025, the technical trend is bearish, indicated by negative signals from the MACD, moving averages, and Bollinger Bands, despite a mildly bullish Dow Theory stance, with the stock underperforming against the Sensex year-to-date.
As of 22 September 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance is bearish, with a strong indication from the weekly MACD and moving averages both signaling bearish momentum. The Bollinger Bands also reflect a bearish outlook on the weekly timeframe. Although the Dow Theory shows a mildly bullish stance on the weekly, it is countered by the overall bearish indicators. The RSI shows no signal on both weekly and monthly timeframes, indicating a lack of momentum. The stock has underperformed significantly year-to-date compared to the Sensex, further supporting the bearish sentiment.
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