Is Rites technically bullish or bearish?

As of 24 October 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and KST both indicating bearish signals, along with the Bollinger Bands showing a bearish outlook. The moving averages on the daily chart are mildly bullish, providing some counterbalance, but the overall sentiment remains negative due to the weekly indicators. The RSI shows no signal on the weekly timeframe, while the monthly RSI is bullish, indicating mixed signals across timeframes. The Dow Theory suggests a mildly bearish trend on the weekly, further supporting the bearish stance. Overall, the strength of the bearish sentiment is moderate, influenced by the recent price action and the performance relative to the Sensex.