Is Rashi Peripheral technically bullish or bearish?

Aug 29 2025 08:07 AM IST
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As of August 28, 2025, Rashi Peripheral's technical trend has shifted to a bearish stance, driven by bearish indicators like the MACD and moving averages, despite a mild bullish signal from the OBV.
As of 28 August 2025, the technical trend for Rashi Peripheral has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. Key indicators driving this include the bearish MACD on the weekly timeframe, bearish Bollinger Bands, and bearish moving averages on the daily timeframe. Additionally, the Dow Theory indicates a mildly bearish outlook on both weekly and monthly timeframes. Despite the OBV showing mild bullishness, the overall technical picture remains negative, especially given the significant year-to-date decline of 28.6% compared to the Sensex's positive return.
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