Is Nitin Spinners technically bullish or bearish?

Nov 04 2025 08:44 AM IST
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As of November 3, 2025, the market trend has shifted to a moderately strong bearish stance, indicated by bearish MACD, Bollinger Bands, and moving averages, with no clear reversal signals from RSI or Dow Theory.
As of 3 November 2025, the technical trend 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 on both weekly and monthly time frames, and a bearish daily moving average. The KST is also bearish on the weekly chart, contributing to the overall bearish sentiment. The lack of clear signals from the RSI and Dow Theory further supports the bearish outlook, indicating no significant trend reversal at this time.
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