Is NELCO technically bullish or bearish?

Sep 30 2025 08:19 AM IST
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As of 29 September 2025, NELCO's technical trend has shifted to a bearish stance with moderate strength, indicated by bearish MACD, Bollinger Bands, and moving averages, despite a mildly bullish outlook from Dow Theory on the weekly chart.
As of 29 September 2025, the technical trend for NELCO has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include a bearish MACD on the weekly chart, bearish Bollinger Bands, and bearish moving averages on the daily timeframe. The KST is also bearish on the weekly chart, while the Dow Theory presents a mildly bullish outlook on the weekly but is mildly bearish on the monthly. Overall, the combination of these indicators suggests a negative sentiment in the market for NELCO.
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