Is Rites technically bullish or bearish?

Oct 21 2025 08:24 AM IST
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As of October 20, 2025, the market trend is mildly bearish, influenced by bearish signals from the weekly MACD, Bollinger Bands, and KST, despite some mixed indicators from the monthly RSI and daily moving averages.
As of 20 October 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and Bollinger Bands both indicating bearish conditions, while the monthly MACD and Bollinger Bands show a mildly bearish outlook. The RSI on a monthly basis is bullish, but the weekly RSI shows no signal, indicating mixed signals. Moving averages on the daily timeframe are mildly bullish, but the overall trend is being influenced by bearish indicators in the weekly timeframe. The KST is bearish on both weekly and monthly charts, further supporting the bearish stance. Overall, the strength of the bearish trend is moderate, with key indicators suggesting caution.
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