Is Rishabh Instrum. technically bullish or bearish?
As of June 27, 2025, the market trend is mildly bearish, indicated by daily moving averages and weekly Dow Theory, despite a mildly bullish MACD, with overall sentiment dampened by bearish monthly Bollinger Bands and underperformance against the Sensex.
As of 27 June 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish trend and the weekly Dow Theory also reflecting a mildly bearish outlook. While the MACD on a weekly basis shows a mildly bullish signal, the overall sentiment is tempered by the bearish monthly Bollinger Bands and the lack of clear signals from the RSI. The stock has underperformed significantly against the Sensex over multiple time frames, further supporting the bearish stance.
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