Is Karnika Industri technically bullish or bearish?

Nov 08 2025 08:16 AM IST
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As of November 7, 2025, Karnika Industri's technical trend has shifted to a bearish stance, supported by mildly bearish indicators from MACD, KST, and Bollinger Bands, despite some short-term strength from daily moving averages.
As of 7 November 2025, the technical trend for Karnika Industri has changed from mildly bullish to sideways. The current technical stance is bearish, with key indicators supporting this view. The MACD on a weekly basis is mildly bearish, and the KST also indicates a mildly bearish trend. The Bollinger Bands show a bearish signal on the weekly timeframe, while the moving averages on the daily are mildly bullish, suggesting some short-term strength. However, the overall momentum is dampened by the weekly OBV and Dow Theory both indicating mildly bearish conditions. The stock has underperformed compared to the Sensex over the past month, further reinforcing the bearish outlook.
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