Is Shilchar Tech technically bullish or bearish?

Oct 18 2025 08:11 AM IST
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As of October 17, 2025, the market trend is mildly bearish, supported by bearish signals from the MACD, KST, and Dow Theory, although daily moving averages suggest short-term bullish support.
As of 17 October 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven by several key indicators. The MACD shows a bearish signal on the weekly chart and mildly bearish on the monthly chart. The KST is also bearish weekly and mildly bearish monthly. Dow Theory confirms a mildly bearish outlook on both weekly and monthly time frames. The Bollinger Bands indicate a mildly bearish trend on the weekly chart, while the daily moving averages present a mildly bullish signal, suggesting some short-term support. However, the overall sentiment remains bearish, particularly in the longer time frames.
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