Is Sheela Foam technically bullish or bearish?

As of 14 July 2025, the technical trend for Sheela Foam has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include the daily moving averages indicating a bearish trend, and both the weekly and monthly Bollinger Bands also signaling bearish conditions. The MACD shows a mildly bullish signal on the weekly timeframe but is bearish on the monthly, indicating mixed signals across different timeframes. Overall, the bearish trend is reinforced by the company's significant underperformance compared to the Sensex over various periods, particularly year-to-date and over the last year.