Is Omaxe technically bullish or bearish?

Aug 28 2025 08:08 AM IST
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As of August 26, 2025, Omaxe's technical trend has shifted to a bearish stance, supported by mildly bearish MACD indicators and Bollinger Bands, alongside mixed signals from Dow Theory and KST, with a notable 20.35% decline year-to-date compared to the Sensex.
As of 26 August 2025, the technical trend for Omaxe has changed from mildly bullish to sideways. The current stance is bearish, with key indicators supporting this view. The MACD is mildly bearish on both the weekly and monthly time frames, while Bollinger Bands also indicate a bearish trend. The Dow Theory shows a mixed signal with a mildly bearish weekly outlook and a mildly bullish monthly perspective. The KST is bullish weekly but mildly bearish monthly, adding to the complexity. Overall, the strength of the bearish sentiment is reinforced by the recent price action, with a significant decline in returns compared to the Sensex across multiple time frames, particularly a 20.35% drop YTD.
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