Is Karnika Industri technically bullish or bearish?

As of 9 October 2025, the technical trend for Karnika Industri has changed from bullish to mildly bullish. The current stance is mildly bullish, reflecting a weakening in momentum. Key indicators include the recent price action, with the current price at 179.95, down from the previous close of 181.65, and a significant drop from the 52-week high of 224.95. The stock has shown strong year-to-date performance with a return of 139.93%, outperforming the Sensex. However, the recent monthly return of -0.72% compared to the Sensex's 1.26% indicates a potential loss of upward momentum. Overall, while the trend remains mildly bullish, the strength appears to be diminishing.