Is Plastiblends (I) technically bullish or bearish?

Sep 19 2025 08:07 AM IST
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As of September 18, 2025, Plastiblends (I) shows a bearish trend with moderate strength, supported by bearish daily moving averages, Bollinger Bands, and KST indicators, despite a mildly bullish weekly MACD signal.
As of 18 September 2025, the technical trend for Plastiblends (I) has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. The weekly MACD shows a mildly bullish signal, but the monthly MACD is bearish, indicating a divergence in momentum. The daily moving averages are bearish, reinforcing the negative trend. Bollinger Bands on the weekly are bearish, and the KST is bearish for both weekly and monthly time frames. Additionally, the Dow Theory indicates a mildly bullish stance on the weekly but remains mildly bearish on the monthly, suggesting a lack of strong upward momentum. Overall, the combination of these indicators points to a bearish outlook for Plastiblends (I).
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