Is Magadh Sugar technically bullish or bearish?

Nov 07 2025 08:18 AM IST
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As of November 6, 2025, the trend is mildly bearish, with daily moving averages and weekly Bollinger Bands indicating bearish momentum, while mixed signals from MACD and KST suggest a lack of strong bullish momentum, resulting in underperformance against the Sensex.
As of 6 November 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating bearish momentum and the weekly Bollinger Bands also showing a bearish trend. The MACD on a weekly basis is mildly bullish, but the monthly MACD remains mildly bearish, suggesting mixed signals across time frames. The KST is mildly bullish weekly but bearish monthly, while the Dow Theory indicates a mildly bearish stance on the weekly chart and mildly bullish on the monthly chart. Overall, the indicators reflect a lack of strong bullish momentum, with the stock underperforming against the Sensex over various time frames.
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