Is Karnika Industri technically bullish or bearish?

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 daily moving averages are mildly bullish, suggesting some short-term support. However, the overall sentiment is dampened by the OBV and Dow Theory, both indicating a mildly bearish stance on the weekly timeframe. The stock has underperformed significantly over the past month compared to the Sensex, further reinforcing the bearish outlook.