Is Mercury EV-Tech technically bullish or bearish?

Oct 09 2025 08:11 AM IST
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As of October 8, 2025, Mercury EV-Tech's technical trend has shifted to a bearish stance, driven by bearish signals from the monthly MACD, RSI, and Bollinger Bands, despite a mildly bullish weekly KST.
As of 8 October 2025, the technical trend for Mercury EV-Tech has changed from mildly bearish to bearish. The current technical stance is bearish with moderate strength. Key indicators driving this stance include the monthly MACD and RSI both showing bearish signals, along with bearish readings from the Bollinger Bands and daily moving averages. The weekly KST is mildly bullish, but this is overshadowed by the overall bearish trend in the monthly indicators. The stock has also underperformed significantly compared to the Sensex over various time frames, further supporting the bearish outlook.
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