Is Owais Metal technically bullish or bearish?

Nov 19 2025 08:17 AM IST
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As of November 18, 2025, Owais Metal's trend has shifted to bearish with moderate strength, driven by bearish daily moving averages, Bollinger Bands, and underperformance against the Sensex, despite a mildly bullish MACD signal on the weekly chart.
As of 18 November 2025, the technical trend for Owais Metal has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include the daily moving averages, which are bearish, and the Bollinger Bands showing bearish signals on both weekly and monthly time frames. The Dow Theory also indicates a mildly bearish trend on the weekly and monthly charts. Although the MACD shows a mildly bullish signal on the weekly, it is countered by the overall bearish sentiment from other indicators. The stock has significantly underperformed compared to the Sensex over multiple time frames, further supporting the bearish outlook.
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