Is Sai Silks technically bullish or bearish?
As of July 7, 2025, the market trend has shifted to mildly bearish, influenced by daily moving averages and weekly RSI indicating bearish momentum, despite some bullish signals from the weekly MACD.
As of 7 July 2025, the technical trend has changed from mildly bullish to mildly bearish. The current stance is mildly bearish, driven primarily by the daily moving averages indicating a bearish outlook and the weekly RSI showing bearish momentum. The weekly MACD remains mildly bullish, but this is offset by the bearish signals from the RSI and the Bollinger Bands on the monthly timeframe. Overall, while there are some bullish indicators on the weekly charts, the prevailing sentiment is bearish, reflecting recent price action and trend changes.
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