Is REC Ltd technically bullish or bearish?

Aug 09 2025 08:08 AM IST
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As of August 8, 2025, REC Ltd is in a bearish trend with moderate strength, indicated by daily moving averages and Bollinger Bands, despite mixed signals from MACD and KST across different time frames.
As of 8 August 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for REC Ltd is bearish, with moderate strength. Key indicators driving this stance include the daily moving averages indicating bearish momentum, and both the weekly and monthly Bollinger Bands confirming a bearish outlook. The MACD shows a mildly bullish signal on the weekly chart but is mildly bearish on the monthly, indicating mixed signals across time frames. The KST is also mildly bullish weekly but bearish monthly, further contributing to the overall bearish sentiment. The Dow Theory reflects a mildly bearish stance on the weekly chart while being mildly bullish monthly, suggesting short-term weakness. Overall, the bearish trend is supported by the stock's recent performance, with a significant year-to-date decline of 23.86% compared to a positive return from the Sensex.
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