Is Repro India technically bullish or bearish?

Sep 17 2025 08:04 AM IST
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As of September 16, 2025, the market trend has shifted to bearish, supported by multiple indicators like the MACD and moving averages, despite some mildly bullish signals from the Dow Theory and OBV.
As of 16 September 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with a strong indication from multiple indicators. The MACD is bearish on both the weekly and monthly time frames, and the moving averages are also bearish on the daily chart. Bollinger Bands reflect a bearish trend on the monthly and mildly bearish on the weekly. The KST is bearish across both time frames, while the Dow Theory shows a mildly bullish stance on the weekly but a mildly bearish stance on the monthly. The OBV indicates a mildly bullish trend on both weekly and monthly, but it is not enough to counter the overall bearish signals. Overall, the strength of the bearish sentiment is reinforced by the recent price performance, with significant declines over various time frames compared to the Sensex.
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