Is Kitex Garments technically bullish or bearish?

Oct 25 2025 08:17 AM IST
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As of October 24, 2025, the market trend is neutral with mixed signals, showing short-term bullishness but overall uncertainty, as indicated by various technical indicators.
As of 24 October 2025, the technical trend has changed from mildly bearish to sideways. The current stance is neutral, with mixed signals across different time frames. The weekly MACD is mildly bullish, while the monthly MACD is mildly bearish, indicating some short-term strength but overall uncertainty. The Bollinger Bands suggest a sideways movement on the weekly chart, while they are bullish on the monthly chart. Moving averages on the daily are mildly bearish, and the KST is bearish on both weekly and monthly time frames. However, the Dow Theory indicates a mildly bullish stance on both weekly and monthly charts, and the OBV is bullish in both time frames, suggesting accumulation. Overall, the indicators reflect a neutral stance with a slight bullish bias in the short term.
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