Is Rishabh Instrum. technically bullish or bearish?
As of June 27, 2025, Rishabh Instrum. shows a mildly bearish trend due to daily moving averages and weekly Dow Theory, despite some mildly bullish signals from MACD and OBV, indicating a cautious approach is advisable.
As of 27 June 2025, the technical trend for Rishabh Instrum. 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. Although the weekly MACD and OBV show mildly bullish signals, they are not strong enough to offset the bearish indicators. The stock's recent performance has also underperformed against the Sensex, with a significant decline over the past year. Overall, the technical indicators suggest a cautious approach.
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