Is Shilchar Tech technically bullish or bearish?

Oct 20 2025 08:04 AM IST
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As of October 17, 2025, the market trend is mildly bearish, supported by bearish weekly MACD and KST indicators, despite daily moving averages showing a mildly bullish trend.
As of 17 October 2025, the technical trend has changed from sideways to mildly bearish. The current stance is mildly bearish, driven primarily by the weekly MACD and KST indicators, both of which are bearish. The Dow Theory also supports this view with a mildly bearish signal on the weekly timeframe. Although the daily moving averages indicate a mildly bullish trend, the overall sentiment remains bearish due to the prevailing indicators on the weekly and monthly charts. The RSI shows no signals, indicating a lack of momentum in either direction.
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