Is NELCO technically bullish or bearish?

Oct 03 2025 08:20 AM IST
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As of October 1, 2025, the market trend is mildly bearish, influenced by daily moving averages and weekly KST showing bearish signals, despite some mildly bullish indicators from the weekly MACD and Dow Theory.
As of 1 October 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish outlook and the weekly KST also showing bearish signals. While the weekly MACD is mildly bullish and Dow Theory suggests a mildly bullish trend, these are countered by the overall bearish signals from Bollinger Bands and the monthly MACD. The lack of clear signals from the RSI and OBV further supports a neutral to mildly bearish sentiment.
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