Is Shivalik Bimetal technically bullish or bearish?
As of July 11, 2025, the technical trend is mildly bearish due to daily moving averages and monthly MACD signals, despite some bullish indicators on the weekly chart, with the stock underperforming the Sensex year-to-date and over the past year.
As of 11 July 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance is mildly bearish, driven by the daily moving averages indicating a bearish sentiment and the monthly MACD showing a mildly bearish trend. While the weekly MACD and KST are bullish, they are offset by the overall bearish signals from the monthly indicators and the Bollinger Bands. The Dow Theory shows a mildly bullish stance on the weekly chart, but with no clear trend on the monthly. The stock has underperformed the Sensex year-to-date and over the past year, further supporting the bearish outlook.
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