Is Megatherm Indu. technically bullish or bearish?

Sep 24 2025 08:14 AM IST
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As of September 23, 2025, Megatherm Indu. is in a bearish trend with moderate strength, driven by bearish MACD, moving averages, and Bollinger Bands, despite a bullish RSI.
As of 23 September 2025, the technical trend for Megatherm Indu. has changed from mildly bearish to bearish. The current technical stance is bearish with a moderate strength. Key indicators driving this stance include a bearish MACD on the weekly timeframe, bearish moving averages on the daily timeframe, and a bearish signal from Bollinger Bands on the weekly. The Dow Theory also indicates a mildly bearish position on both weekly and monthly timeframes. Despite a bullish RSI on the weekly, the overall sentiment remains negative due to the prevailing bearish indicators.
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