Is Sai Silks technically bullish or bearish?
As of June 20, 2025, the technical trend is mildly bearish, indicated by daily moving averages and weekly RSI, despite a mildly bullish MACD, with overall indicators and underperformance against the Sensex reinforcing this sentiment.
As of 20 June 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by the daily moving averages indicating a bearish sentiment and the weekly RSI showing bearish momentum. While the MACD on the weekly chart is mildly bullish, the overall indicators suggest weakness, particularly with the Dow Theory reflecting a bearish outlook on the monthly timeframe. The stock has also underperformed compared to the Sensex over various periods, further reinforcing the bearish sentiment.
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