Is Shalby technically bullish or bearish?

Sep 19 2025 08:09 AM IST
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As of September 18, 2025, the technical trend has shifted to bullish, supported by daily moving averages and weekly Bollinger Bands, though caution is advised due to bearish signals from the monthly MACD and KST.
As of 18 September 2025, the technical trend has changed from mildly bearish to bullish. The current technical stance is bullish, with a strong emphasis on the daily moving averages and the weekly Bollinger Bands, both indicating bullish momentum. The MACD on the weekly timeframe is also bullish, supporting the upward trend. However, the monthly MACD and KST remain bearish, suggesting caution in the longer term. The RSI on the weekly is bearish, which could indicate potential weakness. Overall, the strength of the bullish signal is supported by the positive performance in the short term, particularly with a 1-week return of 2.68% compared to the Sensex's 1.80%.
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