Is Sheela Foam technically bullish or bearish?

Jul 20 2025 08:05 AM IST
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As of July 18, 2025, Sheela Foam's technical trend is bearish with moderate strength, driven by bearish moving averages and Bollinger Bands, despite mixed signals from MACD and KST, and significant underperformance compared to the Sensex.
As of 18 July 2025, the technical trend has changed from mildly bearish to bearish. The current technical stance for Sheela Foam is bearish with moderate strength. Key indicators driving this stance include the bearish signals from the moving averages on the daily timeframe, and the overall bearish readings from Bollinger Bands on both weekly and monthly timeframes. The MACD shows a mildly bullish signal on the weekly but remains bearish on the monthly, indicating mixed signals. Additionally, the KST is mildly bullish weekly but bearish monthly, further contributing to the bearish outlook. The stock has underperformed significantly compared to the Sensex over multiple timeframes, reinforcing the bearish sentiment.
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