Is Sai Silks technically bullish or bearish?

Jul 01 2025 08:14 AM IST
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As of June 30, 2025, Sai Silks shows a mildly bearish trend due to daily moving averages, despite some bullish signals from weekly indicators, with overall monthly metrics indicating weakness and a significant decline over the past year.
As of 30 June 2025, the technical trend for Sai Silks has changed from sideways to mildly bearish. The current technical stance is bearish, primarily driven by the daily moving averages indicating a mildly bearish outlook. While the weekly MACD and KST suggest a mildly bullish sentiment, the overall monthly indicators, including the Bollinger Bands and Dow Theory, lean towards bearish. The RSI shows no signal in both weekly and monthly time frames, indicating a lack of momentum. Despite recent price gains, the longer-term performance remains weak, with a significant decline over the past year.
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