Is Rane (Madras) technically bullish or bearish?
As of 31 October 2025, Rane (Madras) shows a mildly bearish trend due to bearish MACD readings and Bollinger Bands, despite some mildly bullish daily moving averages and Dow Theory support.
As of 31 October 2025, the technical trend for Rane (Madras) has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly and monthly MACD readings indicating bearish momentum, along with Bollinger Bands showing a bearish signal in both time frames. The KST is also bearish on both weekly and monthly charts. Although daily moving averages are mildly bullish and Dow Theory supports a mildly bullish outlook, the overall indicators suggest weakness. The stock has underperformed against the Sensex over multiple periods, further reinforcing the bearish sentiment.
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