Is Meghmani Organi. technically bullish or bearish?
As of November 3, 2025, Meghmani Organics exhibits a mildly bearish trend, supported by bearish indicators like the weekly MACD and Bollinger Bands, despite a conflicting mildly bullish signal from daily moving averages, with the stock underperforming at -23.33% over the past year compared to the Sensex's 5.34%.
As of 3 November 2025, the technical trend for Meghmani Organics has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by several key indicators. The weekly MACD is bearish, and both the weekly and monthly Bollinger Bands are bearish, indicating downward pressure. The Dow Theory also reflects a mildly bearish stance on both weekly and monthly time frames. Although the daily moving averages show a mildly bullish signal, the overall sentiment is tempered by the bearish signals from the other indicators. The stock has underperformed significantly over the past year, with a return of -23.33% compared to the Sensex's 5.34%.
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