Is Nelcast technically bullish or bearish?
As of June 23, 2025, the trend has shifted to mildly bearish due to daily moving averages and weekly RSI indicating weakness, despite a bullish weekly MACD and underperformance against the Sensex.
As of 23 June 2025, the technical trend has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish trend and the weekly RSI showing bearish momentum. While the weekly MACD remains bullish and the Bollinger Bands are mildly bullish, the overall indicators suggest weakness, particularly in the monthly timeframe where both the MACD and KST are bearish. Additionally, the stock has underperformed against the Sensex over the past year, further supporting the bearish outlook.
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