Is Permanent Magnet technically bullish or bearish?

Sep 16 2025 08:10 AM IST
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As of September 15, 2025, the trend has shifted to bullish, supported by positive MACD readings and daily moving averages, although mixed signals from the KST indicate some caution in the longer term.
As of 15 September 2025, the technical trend has changed from mildly bullish to bullish. The current stance is bullish with a strong indication from the weekly and monthly MACD readings, both of which are bullish. Daily moving averages also support this bullish outlook. Bollinger Bands are showing a mildly bullish trend on both weekly and monthly time frames, indicating some upward momentum. However, the KST shows a divergence with a bullish weekly signal but a bearish monthly signal, suggesting mixed longer-term strength. Overall, the strength of the bullish trend is reinforced by the recent performance against the Sensex, particularly over the 1W and 1M periods.
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