Is Sheela Foam technically bullish or bearish?
As of July 15, 2025, the market trend is mildly bearish, influenced by daily moving averages and monthly MACD and KST signals, despite some mildly bullish indicators on the weekly charts.
As of 15 July 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, primarily driven by the daily moving averages indicating a bearish outlook and the monthly MACD and KST both showing bearish signals. The weekly MACD and KST are mildly bullish, but the overall trend remains weak. Bollinger Bands are sideways on the weekly chart and bearish on the monthly, further supporting the bearish sentiment. The lack of clear trends in Dow Theory and the absence of signals in RSI and OBV reinforce the neutral to mildly bearish outlook.
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