Is RMC Switchgears technically bullish or bearish?

Sep 09 2025 08:12 AM IST
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As of September 8, 2025, RMC Switchgears has shifted to a mildly bearish trend, indicated by bearish weekly MACD, KST, and RSI signals, despite daily moving averages suggesting mild bullishness, with overall indicators and underperformance against the Sensex reinforcing the bearish outlook.
As of 8 September 2025, the technical trend for RMC Switchgears has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, driven by weekly MACD and KST indicators both showing bearish signals, alongside a bearish RSI. Although the daily moving averages indicate a mildly bullish trend, the overall weekly and monthly indicators, including Bollinger Bands and Dow Theory, support a bearish outlook. The stock has also underperformed significantly against the Sensex over various time frames, further reinforcing the bearish sentiment.
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