Is Megatherm Indu. technically bullish or bearish?
As of September 16, 2025, Megatherm Indu. is in a mildly bearish trend, supported by bearish MACD and moving averages, despite a bullish weekly RSI, and has underperformed compared to the Sensex.
As of 16 September 2025, the technical trend for Megatherm Indu. has changed from sideways to mildly bearish. The current stance is bearish, with key indicators supporting this view. The weekly MACD is bearish, and the daily moving averages also indicate a bearish trend. Although the weekly RSI shows bullish momentum, it is not sufficient to counter the overall bearish signals from the MACD and moving averages. Additionally, the Dow Theory indicates a mildly bearish stance on the monthly timeframe. The stock has underperformed significantly compared to the Sensex over various periods, further reinforcing the bearish outlook.
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