Is Mahanagar Gas technically bullish or bearish?

Oct 18 2025 08:12 AM IST
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As of October 17, 2025, the market trend has shifted to a moderate bearish stance, supported by bearish signals from the MACD, Bollinger Bands, and moving averages, despite mild bullishness in the OBV.
As of 17 October 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include the weekly MACD and Bollinger Bands both showing bearish signals, along with daily moving averages confirming the bearish trend. The KST is also bearish on the weekly timeframe. Although the OBV shows mild bullishness on both weekly and monthly charts, it is not enough to counter the overall bearish sentiment. The lack of clear trends in Dow Theory further supports the bearish outlook.
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