Is Sai Silks technically bullish or bearish?

Jun 23 2025 08:05 AM IST
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As of June 20, 2025, Sai Silks is in a mildly bearish trend, driven by daily moving averages and weekly RSI, despite some mildly bullish signals from MACD and KST.
As of 20 June 2025, the technical trend for Sai Silks has changed from sideways to mildly bearish. The current stance is bearish, with a strength that can be characterized as mild. Key indicators driving this assessment include the daily moving averages indicating a mildly bearish trend, the weekly RSI showing bearish momentum, and the monthly Dow Theory confirming a bearish outlook. Although the weekly MACD and KST are mildly bullish, they are outweighed by the overall bearish signals from other indicators. The stock's recent performance also reflects weakness, with a 1-week return of -1.11% compared to a positive return in the Sensex.
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