Is Sheela Foam technically bullish or bearish?

Jul 19 2025 08:08 AM IST
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As of July 18, 2025, Sheela Foam's technical trend is bearish with moderate strength, supported by bearish signals from moving averages and Bollinger Bands, despite some conflicting short-term bullish indicators.
As of 18 July 2025, the technical trend for Sheela Foam has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. The weekly MACD indicates a mildly bullish signal, but the monthly MACD is bearish, which suggests a conflicting short-term outlook. Both the weekly and monthly Bollinger Bands are bearish, reinforcing the negative sentiment. Daily moving averages are also bearish, and the KST shows a mildly bullish signal on the weekly but bearish on the monthly. The OBV is mildly bearish on the weekly, indicating selling pressure. Overall, the lack of strong bullish signals across multiple indicators supports the bearish stance.
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