Is Redington technically bullish or bearish?

Sep 18 2025 08:07 AM IST
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As of September 17, 2025, the technical trend is bullish, supported by strong daily moving averages and positive OBV, despite some short-term weakness indicated by weekly MACD and KST.
As of 17 September 2025, the technical trend has changed from mildly bullish to bullish. The current technical stance is bullish with strong indicators supporting this view. The daily moving averages are bullish, and both the weekly and monthly Bollinger Bands confirm a bullish outlook. The monthly MACD is also bullish, although the weekly MACD and KST are mildly bearish, indicating some short-term weakness. The On-Balance Volume (OBV) is bullish on both weekly and monthly time frames, reinforcing the overall bullish sentiment. Despite some mixed signals from the weekly indicators, the overall strength of the bullish trend is supported by the positive performance against the Sensex, particularly in the longer time frames.
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