Is Primo Chemicals technically bullish or bearish?

Sep 27 2025 08:11 AM IST
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As of September 26, 2025, Primo Chemicals is in a bearish trend with strong indicators of weakness, including bearish MACD readings, Bollinger Bands, and moving averages, despite a mildly bearish weekly outlook from Dow Theory.
As of 26 September 2025, the technical trend for Primo Chemicals has changed from mildly bearish to bearish. The current stance is bearish with a strong indication of weakness. Key indicators driving this stance include bearish MACD readings on both weekly and monthly time frames, bearish Bollinger Bands, and bearish moving averages on the daily chart. Additionally, the KST is bearish on both weekly and monthly bases. While Dow Theory shows a mildly bearish weekly outlook and a mildly bullish monthly perspective, the overall technical picture remains negative. The stock has underperformed significantly compared to the Sensex across multiple time frames, further supporting the bearish sentiment.
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