Is Meghmani Organi. technically bullish or bearish?

As of 24 September 2025, the technical trend for Meghmani Organics has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly and monthly MACD readings, both indicating mild bearishness. The KST also supports this view with a weekly reading of mildly bearish and a monthly reading of bearish. The Dow Theory confirms a lack of a clear trend on the weekly chart while remaining mildly bearish on the monthly. Although the daily moving averages show a mildly bullish signal, the overall technical indicators suggest a bearish sentiment, particularly in the Bollinger Bands and the monthly OBV. The stock's recent performance relative to the Sensex further highlights its underperformance over the past year and three years, reinforcing the bearish outlook.