Is Rishabh Instrum. technically bullish or bearish?

Jun 28 2025 08:06 AM IST
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As of June 27, 2025, Rishabh Instrum. shows a mildly bearish trend, influenced by daily moving averages and monthly Bollinger Bands, despite a mildly bullish MACD on the weekly chart and significant underperformance compared to the Sensex.
As of 27 June 2025, the technical trend for Rishabh Instrum. has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by daily moving averages indicating a bearish outlook and a weekly Dow Theory also suggesting mild bearishness. While the MACD on the weekly chart is mildly bullish, the overall sentiment is tempered by the bearish signal from the monthly Bollinger Bands. The stock has underperformed significantly compared to the Sensex over multiple time frames, further supporting the bearish outlook.
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