Is Shivalik Bimetal technically bullish or bearish?

Jul 29 2025 08:10 AM IST
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As of 28 July 2025, the technical trend is mildly bearish, indicated by daily moving averages and monthly MACD signals, despite weekly Bollinger Bands showing mild bullishness, with overall indicators and underperformance against the Sensex reinforcing the bearish outlook.
As of 28 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 trend and the monthly MACD showing a mildly bearish signal. The weekly Bollinger Bands are mildly bullish, but the overall monthly indicators, including KST and Dow Theory, lean towards bearish. The stock has also underperformed against the Sensex over the past week, month, and year, which further supports the bearish outlook.
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